Water & Chemicals
Solenis announces the acquisition of 100 percent shares of SCL
January 18, 2022 By P&PC Staff
Solenis, a global producer of specialty chemicals, announced that it has closed on the acquisition of 100 percent shares of SCL on Jan. 18.
SCL, located in Ludwigshafen, Germany, produces DMA3, a primary raw material for cationic polyacrylamide production. With this acquisition, Solenis will be able to fulfill a strategic insourcing objective. It also supports Solenis’ strategic growth plan for polyacrylamide.
“The acquisition of this business provides Solenis with the backward integration that supports our polyacrylamide growth plan and better enables us to provide strategic products to our customers around the world,” said John Panichella, CEO, Solenis. “This is our first bolt-on acquisition following our recent ownership change to Platinum Equity. The support by the platinum team for our strategic growth plan has been excellent, and I am confident that our partnership will yield more of these projects in the future.”
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