Published on 21 April 2016 | Speciality chemicals supplier Solenis is to acquire the shares in Lostris International and Wester Blend, privately-held companies focused on supplying specialty chemicals to the pulp, tissue and towel markets.
The transaction is expected to close in the second quarter 2016 following receipt of customary regulatory approvals in Germany.
John Panichella, president and chief executive of Solenis, said: “Lostris’ and Wester Blend’s capabilities complement the current Solenis offerings in the global pulp, tissue and towel markets.
“In addition to a strong channel-to-market, Lostris produces unique defoamer formulations, pitch dispersants, and scale control chemistries for the pulp market.
“It also provides complementary crepe and release products that will further bolster our tissue and towel product range.
Solenis is a global producer of specialty chemicals for the pulp, paper, oil and gas, chemical processing, mining, biorefining, power and municipal markets. Headquartered in Wilmington, Delaware (USA), the company has 30 manufacturing facilities located around the globe and employs a team of 3,500 staff in 118 countries.