Solenis International, L.P. (Wilmington, Del.; www.solenis.com) completed the acquisition of 100% of the shares of Topchim NV. Headquartered in Antwerp, Belgium, Topchim is a leading ecological coating company for the paper, cardboard, and packaging converting industries in Europe. Solenis will integrate the Topchim business as part of its strategy to expand its offering to the pulp and paper market.
“The purchase of Topchim represents Solenis’ commitment to new and innovative technologies,” stated John Panichella, Solenis president and CEO. “The acquisition will enable Solenis to serve the growing barrier coatings market while maintaining our commitment to environmental sustainability.”
“Through the development of proprietary technologies based on bio-renewable materials, Topchim has created a distinct competitive advantage in the barrier coatings market,” said Ludwig Krapsch, vice president, Solenis Pulp and Paper EMEA. “We are excited to join the Solenis family,” stated Eric Jӧnsson, managing director, Topchim. “The combination of Topchim’s pioneering technologies and talented team with Solenis’ global network and reputation of service excellence provides a unique platform to grow sustainable products globally.”