Solenis, a leading global producer of specialty chemicals, closed on the acquisition of Neu Kimya Anonim Şirketi ("Neu Kimya") on May 26, 2022.
Located in Istanbul, Turkey, Neu Kimya serves the heavy/light water treatment and oil and gas markets in Turkey, Southeast Europe and the Middle East. The acquisition of Neu Kimya fits well with Solenis' direct-to-market strategy and will offer customers in the region improved product and service offerings.
"We are excited to combine Neu Kimya's talented commercial team and technical capabilities with Solenis' world-class solutions to create enhanced value for our customers," said Andrea Natali, vice president and general manager, EMEA Industrial Solutions, Solenis.
"This new acquisition adds to our strategic growth plan following our recent ownership change to Platinum Equity," said John Panichella, CEO, Solenis. "With the ongoing support from the Platinum Equity team, we continue to proactively seek other opportunities for similar acquisitions that enhance our ability to serve customers."