Solenis has signed an agreement to acquire Clearwater Specialties, a speciality chemical provider for tissue and towel market for an undisclosed sum.
"The Clearwater Specialties products fit hand in glove with our current tissue and towel product portfolio,” said John Panichella, CEO, Solenis. The transaction is subject to regulatory approvals and is expected to be closed in the first quarter of 2015.
Charles Robinson, Senior Vice President, Solenis, said, “This is an excellent example of Solenis’ commitment to continuous investment in the pulp and paper industry.”
According to the agreement, Solenis will acquire all the assets, intellectual property and business owned by Clearwater Specialties.
