Solenis is to acquire the shares in Nopco Holding 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 insolubilisers for the European pulp and paper, industrial and recycling markets. John Panichella, Solenis president and chief executive, said: “This is a unique opportunity to combine Nopco’s cutting edge technologies with Solenis’ strong global channel to market.”
Solenis is a global producer of specialty chemicals for the pulp, paper, oil and gas, chemical processing, mining, biorefining, power and municipal markets.
The company’s product portfolio includes a range of process, functional and water treatment chemistries.