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Solenis Completes Acquisition of India Pulp and Paper Business Assets From CBC India

April 7, 2015

FOR IMMEDIATE RELEASE

WILMINGTON, Del. – Effective April 1, 2015, Solenis Chemicals India Private Limited completed the acquisition of assets associated with the Solenis pulp and paper business represented by Connell Bros. Company (India) Private Limited in India. All assets associated with the Solenis pulp and paper business represented by Connell Bros. Company (India) Private Limited in India are a part of the deal including the sales, technical, and operating personnel directly related to the paper unit, as well as an AKD emulsion manufacturing facility.


"India is now the fastest growing pulp and papermaking country in the world with 10.5 million tons of paper and board production and represents a significant growth opportunity for Solenis,” stated John Panichella, president and CEO. " We have worked in close collaboration with the CBC India team for a number of years so this is a logical next step in our desire to provide total solutions to our customers in this market.” “This is another example of Solenis’ commitment to continuous investment in the pulp and paper industry and we are delighted to continue to build strong business relationships with our customers in India,” said Nandkumar Dhekne, vice president, Asia Pacific.

<div class="line">&nbsp;</div> <h2>About Solenis</h2> <p>Solenis is a leading global producer of specialty chemicals focused on delivering sustainable solutions for water-intensive industries, including consumer, industrial, institutional, food and beverage, and pool and spa water markets. Owned by Platinum Equity, the company&rsquo;s product portfolio includes a broad array of water treatment chemistries, process aids, functional additives, and cleaners and disinfectants, as well as state-of-the-art monitoring and control systems. These technologies are used by customers to improve operational efficiencies, enhance product quality, protect plant assets, minimize environmental impact, and create cleaner and safer environments. Headquartered in Wilmington, Delaware, the company has 69 manufacturing facilities strategically located around the globe and employs a team of over 16,100 professionals in 130 countries across six continents. Solenis is a 2024 Best Managed Company Gold Standard honoree, recognized four years in a row.</p> <p>For additional information about Solenis, please visit <a href="/en/">www.solenis.com</a> or follow us on social media.</p>

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Catherine (Katy) Abernathy

Vice President, Corporate Communications