Wilmington, Delaware, USA 06 September 2016 -- Effective September 5, 2016, Solenis signed an agreement to acquire the shares in Nopco Holding AS 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 insolubilizers for the European pulp and paper, industrial and recycling markets. Nopco's antifoam and de-inking products are complementary to Solenis' existing global portfolio of pulp and paper specialty chemical solutions. "This is a unique opportunity to combine Nopco's cutting edge technologies with Solenis' strong global channel to market," said John Panichella, president and CEO, Solenis. "This is another excellent example of Solenis' commitment to invest in the pulp and paper industry," stated Charles Robinson, senior vice president, pulp and paper, Solenis.
Solenis is a leading 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 broad array of process, functional and water treatment chemistries as well as state-of-the-art monitoring and control systems. These technologies are used by customers to improve operational efficiencies, enhance product quality, protect plant assets and minimize environmental impact. Headquartered in Wilmington, Delaware, the company has 30 manufacturing facilities strategically located around the globe and employs a team of approximately 3,500 professionals in 118 countries across five continents. For additional information about Solenis, please visit www.solenis.com.