Wilmington, Delaware, USA 21 April 2016 -- Effective April 22, 2016 Solenis Australia Pty Limited signed an agreement to acquire substantially all of the business assets of Nuplex Pulp & Paper from Nuplex Industries Limited. Solenis will acquire the technical, commercial, production assets and personnel of the Nuplex Pulp & Paper business in Australia and New Zealand. Nuplex Pulp & Paper is currently the exclusive distributor and technology licensee of Solenis pulp and paper products within Australia and New Zealand. The parties expect to complete the acquisition during the second quarter of 2016.

This acquisition enables Solenis to streamline its production and commercial organizations in Australia and New Zealand and improve local customer service. "The Australia and New Zealand market is an important market for Solenis," said Mr. Nandu Dhekne, vice president, Asia Pacific, Solenis. "The opportunity to expand our business in this region by going direct to the market through the acquisition of the Nuplex Pulp & Paper business will enable Solenis to be a total solution provider for our customers."

"This is an example of Solenis' commitment to continuous investment in the pulp and paper industry. We are excited to continue to build strong business relationships with our customers in Australia and New Zealand." added Peter Scrivener, regional business lead, Australia and New Zealand, Solenis.

About Solenis

Solenis is a leading global manufacturer 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 operates 30 manufacturing facilities strategically located around the globe and employs a team of 3,500 professionals in 118 countries across five continents.