Solenis to Acquire Paper Business of South Africa Based ChemSystems
March 2, 2020 - Solenis announced that on Feb. 28 it signed an agreement to acquire the paper business of ChemSystems, a division of AECI Ltd. Terms of the deal were not disclosed. Headquartered in Johannesburg, South Africa, ChemSystems produces and supplies specialized chemical solutions for water intensive industries, including the pulp, paper and tissue manufacturing industries in South Africa and Sub-Saharan Africa. Until this acquisition, the business was Solenis' pulp and paper specialty chemical distributor in Africa. "This is an excellent opportunity to continue to consolidate our channel to market after the recent successful merger of BASF's Paper and Water Chemicals business with Solenis." said John Panichella, president and CEO, Solenis. "We have had an exceptional working relationship with ChemSystems for many years and this acquisition will allow Solenis to directly provide value to pulp, paper and tissue markets in South Africa." The transaction is expected to close in the second quarter of 2020. Solenis is a leading global producer of specialty chemicals for water-intensive industries, including the pulp, paper. For further information, visit: www.solenis.com. SOURCE: Solenis |