August 31, 2018
FOR IMMEDIATE RELEASE
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.
FOR FURTHER INFORMATION
Global
Vice President, Corporate Communications
Connell Bros. Co.
345 California Street, 27th Floor
San Francisco, California 94104