Solenis signed an agreement to acquire the shares in Nopco Holding AS and related subsidiaries, a producer and supplier of advanced chemical solutions for the pulp and paper industry. The transaction is expected to close in the 4Q 2016, following receipt of customary regulatory approvals in Germany.
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.