Solenis, formerly Ashland Water Technologies, has completed the acquisition of Connell Bros Company India Private Limited (CBC India), 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 tonnes of paper and board production and represents a significant growth opportunity for Solenis. 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,” stated John Panichella, president and CEO, Solenis.
“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, Solenis.
Solenis - the US-based manufacturer of specialty chemicals for the pulp, paper, oil and gas, chemical processing, mining, biorefining, power and municipal markets - has been expanding its footprint in India to enhance its business in the country. As a part of this strategy, the company moved to its new India headquarters in Pune in February 2015. The new office will be the primary centre of operations for both the water and paper businesses.