Axchem USA and Novel Industrial Solutions Combine Businesses
Nov. 4, 2019 - Axchem USA, Inc. in Greensboro, North Carolina, and Novel Industrial Solutions LLC of New Albany, Ohio, are announcing the combination of business operations, assets, people, and customer contracts under the Axchem USA brand.
Terms of the deal were not disclosed.
“The combination of Axchem's considerable resources and scope with Novel's innovation-based approach to solving the industry's most complex problems quickly and cost-effectively is an exciting new concept,” commented Chris Tatman, President at Novel Industrial Solutions. “This will enable our new organization to grow even faster, delivering even better results for current customers, and expanding into many more pulp and paper mills.”
Mark Zempel, General Manager at Axchem USA added, “Novel's approach to identifying, scaling, and deploying highly differentiated technologies boosts Axchem's innovation capabilities. We will not only be able to bring our many existing programs to more customers, but customers will also benefit from the pipeline that this process will continue to generate.”
Current Axchem USA and Novel Industrial Solutions customers will be contacted directly to discuss the merger and the opportunities this provides.
Axchem USA, part of Axchem Group, supplies a broad product range covering water treatment, pulping, papermaking, converting, and related specialty chemical applications to the pulp and paper industry. To learn more, visit: www.axchemgroup.com/axchem-usa
SOURCE: Axchem USA, Inc.