Solenis, BASF complete merger of paper, water chemicals businesses

BASF and Solenis have completed the previously announced merger of BASF’s wet-end paper and water chemicals business with Solenis. With pro forma sales of about $3 billion, the combined company will operate under the Solenis brand to provide expanded chemical offerings and cost-effective solutions for customers in pulp and paper, chemical processing, biorefining, power and other industrial markets.

BASF will own 49% of the combined company and 51% is collectively owned by Solenis management and funds managed by private investment firm Clayton, Dubilier & Rice (CD&R). The new Solenis has about 5,200 employees, with increased sales, service and production capabilities across the globe.

The merger includes the paper and water assets of BASF’s performance chemicals unit including production sites in Bradford and Grimsby, UK; Suffolk, VA, USA; Altamira, Mexico; Ankleshwar, India; Kwinana, Australia and related assets including intellectual property. BASF’s paper coating chemical business is not part of the transaction.

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