BASF's paper and water chemicals division completes merger with Solenis

P&PC Staff
February 01, 2019
By P&PC Staff
February 1, 2019 – BASF and Solenis have completed the previously announced merger of BASF’s wet-end paper and water chemicals business with Solenis.

With pro forma sales of approximately US $3 billion, the combined company will operate under the Solenis brand and will provide expanded chemical offerings and solutions for customers in pulp, paper, oil and gas, chemical processing, mining, biorefining, power, municipal and other industrial markets.

BASF will own 49 per cent of the combined company and 51 per cent is collectively owned by Solenis management and funds managed by Clayton, Dubilier & Rice (CD&R). The new Solenis has approximately 5,200 employees, with increased sales, service and production capabilities across the globe.

Related news
Solenis, BASF combine paper, water chemicals businesses
BASF to consolidate European paper coating dispersions production
BASF to merge paper and water chemicals businesses

The merger includes the paper and water assets of BASF’s performance chemicals unit, including production sites in Bradford and Grimsby, U.K.; Suffolk, Virginia; Altamira, Mexico; Ankleshwar, India; and Kwinana, Australia, and related assets including intellectual property. BASF’s paper coating chemical business is not part of the transaction.

"Joining forces with Solenis is the right step for BASF’s paper and water chemicals business to maintain sustainable growth," says Anup Kothari, president of BASF's performance chemicals division. "Together, we will provide the broadest scope of products and services to meet the specialty chemical needs of the global paper and water industry."

Add comment

Disclaimer
Note: By submitting your comments you acknowledge that Pulp and Paper Canada has the right to reproduce, broadcast and publicize those comments or any part thereof in any manner whatsoever. Please note that due to the volume of e-mails we receive, not all comments will be published and those that are published will not be edited. However, all will be carefully read, considered and appreciated.


Security code
Refresh

Subscription Centre

 
New Subscription
 
Already a Subscriber
 
Customer Service
 
View Digital Magazine Renew

Most Popular

Latest Events

Paper2019
March 24-26, 2019
PaperCon 2019
May 5-8, 2019

We are using cookies to give you the best experience on our website. By continuing to use the site, you agree to the use of cookies. To find out more, read our Privacy Policy.