Water & Chemicals
Solenis announces move to acquire paper process chemicals business from KLK Kolb Group
October 14, 2022 By P&PC Staff
Solenis has entered into a definitive agreement to acquire KLK Kolb Group’s paper process chemicals business. The deal includes a long-term supply agreement, in which the KLK Kolb Group will manufacture paper process chemicals exclusively for Solenis.
KLK Kolb Group has a broad portfolio of paper process chemicals, including deposit control, cleaning and foam control agents.
The transaction is expected to be completed before the end of Q1 2023, subject to regulatory approval and customary closing conditions. Solenis and KLK Kolb Group will operate as independent companies until the transaction is complete.
“Kolb’s outstanding reputation is built on their customer-centric and high-quality service business model. We are excited to welcome the Kolb team and their excellent product portfolio as we continue to strive toward being the best-in-class provider of paper process chemicals,” said John Panichella, CEO of Solenis.
Print this page