Solenis Completes Acquisition of CBC India Chemicals Business

 

Solenis, Wilmington, Del., USA, reports that Solenis Chemicals India Private Limited has completed the acquisition of assets associated with the Solenis pulp and paper business represented by Connell Bros. Co. (India) Private Limited in India. All assets associated with the Solenis pulp and paper business represented by Connell Bros. Co. (India) Private Limited in India are a part of the deal, including the sales, technical, and operating personnel directly related to the paper unit, as well as an AKD emulsion manufacturing facility.

"India is now the fastest growing pulp and papermaking country in the world with 10.5 million metric tpy of paper and board production and represents a significant growth opportunity for Solenis," said John Panichella, president and CEO. "We have worked in close collaboration with the CBC India team for a number of years so this is a logical next step in our desire to provide total solutions to our customers in this market." 

Nandkumar Dhekne, VP, Asia Pacific, noted that "this is another example of Solenis’ commitment to continuous investment in the pulp and paper industry and we are delighted to continue to build strong business relationships with our customers in India." 

Solenis is a global producer of specialty chemicals for the pulp and 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.