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Solenis LLC has entered into a definitive agreement with NCH Corp. (Irving, Texas) to acquire 100% of NCH’s stock, according to a joint statement June 19, as per Chemweek.
The transaction is expected to close by the end of 2025, subject to relevant regulatory approvals. Financial terms of the agreement were not disclosed.
The Levy family, the owners of NCH, expressed their commitment to the company’s future. They will become the largest minority shareholder in Solenis, the companies said.
Solenis and NCH will continue to operate strictly as independent companies until the transaction is complete, they said.
NCH offers water treatment and industrial solutions from its 24 manufacturing plants and 76 distribution centers, across 48 countries. The company’s annual sales are around USD1 billion according to information on its website.
“Joining forces creates a more diversified business with increased scale, an expanded global footprint, and superior customer service capabilities,” said John Panichella, CEO of Solenis, adding that the newly combined company will provide cross-selling opportunities, including meeting the increasing customer demand for sustainable and digital solutions.
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