CBC Pulp And Paper Acquisition

FOR IMMEDIATE RELEASE

August 31, 2018

Solenis Acquires Pulp and Paper Chemical Distribution Business in Thailand, Vietnam, Philippines and Malaysia from Connell Brothers 

WILMINGTON, Delaware, (USA) – August 31, 2018 – Solenis has completed the acquisition of the pulp and paper chemical distribution business from Connell Bros. Co. (CBC) in Thailand, Philippines, Malaysia and Vietnam. 

All assets and business associated with the Solenis pulp and paper business represented by CBC in these countries are part of the deal, including inventory, accounts and field equipment. Additionally, CBC sales and technical personnel will be invited to transfer to Solenis, continuing the operation of the business.

"Southeast Asia is now a fast-growing pulp and papermaking territory and represents a significant growth opportunity for Solenis,” said John Panichella, president and CEO. "We have worked in close collaboration with the Connell Brothers Southeast Asia team for a number of years, so this is a logical next step in our desire to provide total solutions to our customers in this market.”

“We plan to continue to build strong business relationships with our customers in Southeast Asia and to position Solenis to better serve the pulp and paper market,” said Nandu Dhekne, vice president, Asia Pacific, Solenis.

“CBC is helping to manage a smooth transition for our longtime paper customers as we transition this business over to Solenis,” said Jeffrey Streblow, Senior Vice President, CBC.

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About Solenis

Solenis is a leading global producer of specialty chemicals for water-intensive industries, including the pulp, paper, oil and gas, chemical processing, mining, biorefining, power and municipal markets. The company’s product portfolio includes a broad array of process, functional and water treatment chemistries as well as state-of-the-art monitoring and control systems. These technologies are used by customers to improve operational efficiencies, enhance product quality, protect plant assets and minimize environmental impact. Headquartered in Wilmington, Delaware, the company has 35 manufacturing facilities strategically located around the globe and employs a team of approximately 3,700 professionals in 118 countries across five continents. For additional information about Solenis, please visit www.solenis.com.

About Connell Bros. Co.

Founded in 1898, Connell Bros. Co. LLC is one of the Wilbur-Ellis family of companies and is the largest marketer and distributor of specialty chemicals and ingredients in Asia-Pacific with a keen focus on technical service, customer support, and environmental, health, and safety. Connell Brothers (CBC) provides complete supply chain management from transportation, documentation, warehousing and sales right across 18 countries and in 48 offices located throughout the Asia Pacific region. For more information, please visit www.connellbrothers.com.

FOR FURTHER INFORMATION:
Media Relations
Catherine (Katy) Abernathy
+1 (904) 256 0333
cmabernathy@solenis.com

Connell Bros. Co.
Katherine Fordon
+1 (415) 772-4036
kfordon@wilburellis.com