BASF, Solenis completes paper water chemicals business

BASF, Solenis completes paper and water chemicals business

4:41 AM, 4th February 2019
BASF logo

LUDWIGSHAFEN, GERMANY/ WILMINGTON, USA: BASF and Solenis have completed the transfer of BASF’s paper wet-end and water chemicals business to Solenis. The combined business will operate under the Solenis name and offer increased sales, service and production capabilities across the globe. The combined company is positioned to provide an expanded product portfolio and cost-effective solutions for paper and water treatment customers. BASF will hold a 49% share, 51% of the shares will be held by funds managed by Clayton, Dubilier & Rice and the Solenis management.

“Combining our strong heritages creates the leading customer-focused, global solutions provider for the paper and water industries. Customers from these industries will benefit from our joint strengths, resulting in an unparalleled and complementary range of products and services, state-of-the-art innovations and know-how,” said John Panichella, president and CEO, Solenis.

“Joining forces with Solenis is the right step for BASF’s paper and water chemicals business to maintain sustainable growth and will enable us to share in the future success of this promising joint entity. Together, we will provide the broadest scope of products and services to meet the needs of the global paper and water industry,” said Anup Kothari, president of BASF’s Performance Chemicals division.

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