September 6, 2016
FOR IMMEDIATE RELEASE
WILMINGTON, Del. — Effective September 5, 2016, Solenis signed an agreement to acquire the shares in Nopco Holding AS and related subsidiaries (Nopco), a producer and supplier of advanced chemical solutions for the pulp and paper industry. The transaction is expected to close in the fourth quarter of 2016, following receipt of customary regulatory approvals in Germany.
Nopco produces defoamers, collecting agents, deposit control agents, and insolubilizers for the European pulp and paper, industrial and recycling markets. Nopco's antifoam and de-inking products are complimentary to Solenis' existing global portfolio of pulp and paper specialty chemical solutions.
"This is a unique opportunity to combine Nopco's cutting edge technologies with Solenis' strong global channel to market," said John Panichella, president and CEO, Solenis.
"This is another excellent example of Solenis' commitment to invest in the pulp and paper industry," stated Charles Robinson, senior vice president, pulp and paper, Solenis.
Solenis is a leading global producer of specialty chemicals focused on delivering sustainable solutions for water-intensive industries, including pulp and paper, institutional, industrial, food and beverage, and pool and spa water markets. The company’s product portfolio includes a broad array of water treatment chemistries, process aids, functional additives, cleaners, disinfectants, and state-of-the-art monitoring, control and delivery systems. These technologies are used by customers to improve operational efficiencies, enhance product quality, protect plant assets, minimize environmental impact, and create cleaner and safer environments. Headquartered in Wilmington, Delaware, the company has 70 manufacturing facilities strategically located around the globe and employs a team of over 16,500 professionals in 130 countries across six continents. Solenis is a 2024 Best Managed Company Gold Standard honoree.
For additional information about Solenis, please visit www.solenis.com or follow us on social media.
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Vice President, Corporate Communications