Solenis LLC Decided to Acquire Lostris International and Wester Blend
Netherlands:
Solenis, a
U.S.-based manufacturer and distributor of specialty chemicals has agreed to
acquire shares in Lostris International B.V. and Wester Blend B.V., Netherland
based specialty chemical manufacturers. The acquired companies specialize in
manufacturing and supplying chemicals to pulp & paper and towel industry.
The acquisition is expected to complete by June, 2016. Lostris is concentrating
on manufacturing defoamer formulations, pitch dispersants and scale control chemistries
for the pulp market, this would help Solenis in strengthening its position in
global pulp & paper industry. The deal would bring Solenis LLC, Lostris
International and Wester Blend together help the companies in addressing the
needs of their customers in a better way with wide product portfolio. Additionally,
the deal would augment the growth and development of innovative products.
TechSci Research depicts that
this acquisition would strengthen the market position of Solenis LLC, Lostris International and
Wester Blend in global specialty chemicals market. Solenis would be benefited
by the expertise of the Lostris International and Wester Blend in manufacturing
chemicals for pulp & paper industry whereas acquired companies would have
an advantage of strong global presence of Solenis.
According to the recent report published by TechSci Research, “Russia Specialty
Chemicals Market Forecast and Opportunities, 2018”, the above discussed deal would have an influence on the demand for specialty
chemicals across the globe. Specialty chemicals market in Russia is expected to
witness the compounded annual growth rate of 5% over the period 2013-2018 due
to changes in government policies in the country. With the accession of Russia
in WTO, world will witness the technology development and quality manufacturing
activities and exports market for specialty chemicals in Russia would
experience healthy growth.