Staff
Monday, April 6, 2015 9:30 am

WILMINGTON, Delaware - Effective 1 April 2015, Solenis Chemicals India Private Limited completed the acquisition of Connell Bros. Company (India) Private Limited, a specialty chemical company dedicated to the pulp and paper market in India.

All assets and business associated with Connell Bros. Company (India) Private Limited are a part of the deal including the sales and technical personnel as well as an AKD emulsion manufacturing facility with associated operating personnel.

"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.