Solenis Acquires KLK Group’s Paper Processing Chemicals Business Kolb – Chemical Engineering

September 30, 2022 | By Mary Bailey

Solenis (Wilmington, Delaware) and Kolb Distribution Ltd., a unit of the KLK Kolb Group, announced that Solenis has entered into a definitive agreement to acquire the latter’s paper treating chemicals business. The agreement includes a long-term supply agreement, in which KLK Kolb Group will manufacture paper processing chemicals exclusively for Solenis.

The KLK Kolb Group offers a wide range of paper processing chemicals, including deposit control, cleaning and foam control agents, primarily for the EMEA pulp and paper markets. Its wide range of manufacturing process technologies, including alkoxylation, esterification and dispersion, enables the KLK Kolb Group to offer a wide range of products, as well as customized solutions for its customers.

The transaction is expected to close before the end of the first quarter of 2023, subject to regulatory approval and customary closing conditions.

Solenis and KLK Kolb Group will continue to operate as independent companies until the transaction is completed.

“Kolb’s outstanding reputation is built on its high-quality, customer-centric service business model. We are delighted to welcome the Kolb team and their excellent product portfolio as we continue to strive to be the best supplier of paper processing chemicals,” said John Panichella, CEO of Solenis.

“Establishing a long-term supply agreement will provide customers across EMEA with the assurance of cost-effective, high-quality product supply,” said Jonas Boström, Vice President and General Manager, EMEA Consumer Solutions, Solenis. “The additional range of process technologies and product flexibility ensure that we can meet even more application-specific product needs.”

“KLK Kolb Group has a reputation for providing its customers with extensive application know-how and expertise to deliver the best solutions to solve complex challenges,” said Florian Krückl, Managing Director of KLK Kolb Group. “I am confident that by combining our portfolio of paper processing chemicals with the Solenis go-to-market channel, we will drive value through enhanced customer experience.”

The Kolb transaction marks the fourth add-on acquisition since Platinum Equity acquired Solenis last year.

“Solenis is proving to be an exceptional platform for growth, both organically and through strategic mergers and acquisitions,” said Jacob Kotzubei, Platinum Equity Partner. “We will continue to work with John and the management team to find more opportunities to help the business grow.”