|Solenis LLC signed an agreement to acquire Clearwater Specialties LLC, a privately held specialty chemical company dedicated to the tissue and towel market. The deal includes all assets, intellectual property and business associated with Clearwater Specialties LLC and Clearwater Chemicals LLC. The transaction is expected to close in the first quarter of 2015, following receipt of customary regulatory approvals. “The Clearwater Specialties products fit hand in glove with our current tissue and towel product portfolio,” said John Panichella, president and
CEO, Solenis. “Leveraging our large channel to market and through our service-intensive business model, we will be able to offer their technologies to our global customer base.” “This is an excellent example of Solenis’ commitment to continuous investment in the pulp and paper industry,” stated Charles Robinson, senior vice president, Solenis. Solenis is a leading global producer of specialty chemicals for the pulp, paper, oil and gas, chemical processing, mining, biorefining, power and municipal markets.