Solenis Acquires Clearwater Specialties

 

Solenis LLC, Wilmington, Del., USA, will acquire Clearwater Specialties LLC, a privately-held specialty chemical company dedicated to the tissue and towel market. The deal (amount undisclosed) includes all assets, intellectual property, and business associated with Clearwater Specialties and Clearwater Chemicals LLC. The transaction is expected to close in the first quarter of 2015, following receipt of customary regulatory approvals.

"The Clearwater Specialties products fit hand in glove with our current tissue and towel product portfolio," said John Panichella, president and CEO, Solenis. "Leveraging our large channel to market and through our service-intensive business model, we will be able to offer their technologies to our global customer base." 

Stephen H. Tucker, managing member of Clearwater Specialties, said that "we are delighted to work together with the leading supplier of specialty chemicals to the tissue and towel industry to ensure a smooth transition for our customers." 

Solenis is a 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. 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.