Australia: Growth Strategy in Asia Pacific Solenis Completes Acquisition of Nuplex Pulp & Paper
Solenis, through its Australia subsidiary Solenis Australia completed the acquisition of the business assets of Nuplex Pulp & Paper from Nuplex Industries Australia, an exclusive distributor and technology licensee of Solenis pulp and paper products within Australia and New Zealand.
Wilmington/USA – Nuplex's business will be integrated into Solenis as part of its strategy to broaden its process chemicals offering and expand its geographic presence.
“The purchase of the Nuplex Pulp & Paper business is another important step for our growth strategy in Asia Pacific, creating new opportunities for continued development in the region,” stated John Panichella, president and CEO, Solenis. “Our global reach along with our significant applications expertise will allow Solenis to better serve our customers throughout Australia and New Zealand.”
“The acquisition of the Nuplex Pulp & Paper business is a natural evolution and will enable Solenis to be a total solution provider for pulp, paper and other industrial markets in the Australia and New Zealand region,” added Nandu Dhekne, vice president, Asia Pacific, Solenis.