Paper buy for Solenis
Solenis has agreed to acquire the paper process chemicals business of Kolb Distribution, a unit of KLK Kolb. Terms were not disclosed.The deal includes a long-term supply agreement, in which KLK Kolb will manufacture paper process chemicals exclusively for Solenis.
This is the fourth acquisition made by Solenis since Platinum Equity acquired it last year. The two firms will operate independently until closing, which is expected to be by the end of Q1 2023, subject to regulatory approval and customary closing conditions.
KLK Kolb offers a broad portfolio of paper process chemicals, including deposit control, cleaning and foam control agents, primarily for the EMEA pulp and paper markets, plus customised products. Its process technologies include alkoxylation, esterification and dispersion.