Chemicals

Solenis finalizes the acquisition of Lostris International and Wester Blend…

0
57

Through its Dutch subsidiary Solenis Netherlands B.V., Solenis finalized the 100% acquisition of the shares of Lostris International B.V. and Wester Blend B.V., i.e. two private capital Dutch companies producing and marketing chemical special products that are mainly used in the pulp and tissue sector. The activities of the newly acquired companies will be integrated into the ones of Solenis to widen the product range of process chemicals and expand the geographical presence of the American company. As Solenis President and CEO John Panichella puts it, «the take over of Lostris and Wester Blend is another landmark in Solenis’ growth strategy, as we have added a complementary range of products for our global portfolio. Our global presence, combined with our know-how, will make these new technologies available to an increasingly large customer base».

… and consolidates its direct presence in Oceania

Solenis Australia Pty Limited has recently signed an agreement for the take over of all corporate assets by Nuplex Pulp & Paper from Nuplex Industries Limited. Solenis will incorporate all production and commercial assets and the whole personnel of Nuplex Pulp & Paper, which is currently the exclusive distributor and licensee of the cellulose and paper technology in Australia and New Zealand. This acquisition will enable Solenis to streamline its production structure and trade activities, as well as to improve its local customer service. «The Australian and New Zealand market is particularly important for Solenis», says the Vice-President of Solenis Asia-Pacific Nandu Dhekne. «The opportunity to expand our business in this region through the acquisition of the Nuplex Pulp & Paper company will enable Solenis to serve as a supplier of solutions to our customers».

LEAVE A REPLY

Please enter your comment!
Please enter your name here