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.