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.
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.
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
Global
Vice President, Corporate Communications
Connell Bros. Co.
345 California Street, 27th Floor
San Francisco, California 94104