MOSCOW (MRC) -- Solenis has completed the acquisition of Quimatec Produtos Quimicos (Araraquara, Brazil), a manufacturer of specialty chemicals for the sugar and ethanol processing industry, as per company's press release.
The purchase includes Locatec de Araraquara, an associated logistics provider. Terms have not been disclosed.
“The purchase of Quimatec and Locatec represents a milestone in Solenis’s growth strategy in Latin America, creating new opportunities for continued development in the region,” says John Panichella, Solenis president and CEO. “With Quimatec, Solenis becomes a leading supplier to the most advanced bioethanol market in the world.” Solenis says it will leverage Quimatec’s strong sales channel to bring Solenis’s water treatment offerings to Brazil’s sugar and ethanol producers while taking Quimatec’s process chemistries and applications technology to Solenis’s heavy industry markets around the globe. Quimatec has approximately 110 employees.
Solenis, the former water treatment business of Ashland, was acquired by Clayton Dubilier & Rice (New York) last year.
Solenis is a leading global producer of specialty chemicals for the pulp, paper, oil and gas, chemical processing, mining, biorefining, power and municipal markets. The company’s product portfolio includes a broad array of process, functional and water treatment chemistries 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 and minimize environmental impact. Headquartered in Wilmington, Delaware, the company has 30 manufacturing facilities strategically located around the globe and employs a team of approximately 3,500 professionals in 118 countries across five continents.
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