Solenis is to expand its product offering after announcing it will acquire the paper process chemicals business of KLK Kolb Group.
The deal includes a long-term supply agreement in which the KLK Kolb Group will manufacture paper process chemicals exclusively for Solenis.
KLK Kolb Group offers a range of paper process chemicals, including deposit control, cleaning and foam control agents primarily for the EMEA pulp and paper markets. Its manufacturing process technologies, including alkoxylation, esterification and dispersion, mean KLK Kolb Group can offer a range of products as well as offer customised products for its customers. The transaction is expected to be completed before the end of Q1 2023 and is subject to regulatory approval and customary closing conditions.
Solenis and KLK Kolb Group will continue to operate as independent companies until the transaction is complete.
Jonas Boström, Vice President and General Manager, EMEA Consumer Solutions, Solenis, said: “Establishing a long-term supply agreement will provide customers throughout EMEA assurance of supply for cost-effective and high-quality products.
“The added range of process technologies and product flexibility ensures that we can meet even more application-specific product needs.”
The Kolb transaction marks the fourth add-on acquisition since Platinum Equity acquired Solenis last year.
