Solenis acquires Georgia chemical co. CedarChem
WILMINGTON – Solenis, the specialty chemical company that focuses on water-intensive industries, recently acquired a Georgia-based chemical supplier of water and wastewater treatment products.
Wilmington-based Solenis closed the deal for CedarChem on Oct. 2, acquiring all of the assets of the Cedartown, Ga., company. The terms of the deal between the private companies were not disclosed in an announcement.
Founded in 2007 by CEO Scott Wright, CedarChem supplies hundreds of different polymers, phosphates, and poly aluminum chlorides for industrial and municipal markets, primarily in the southeastern U.S. Today, it has around a dozen employees, according to industry databases.
“CedarChem has a reputation for being one of the most reliable and customer-intimate suppliers of quality products and services in their market,” Mark Wescott, vice president of the municipal/multi business at Solenis, said in a statement. “We are pleased to combine their talented team of professionals with the Solenis team. Together, we will continue to provide enhanced value for our customers.”
Owned by New York private equity firm Platinum Equity, Solenis’ product portfolio includes a variety of water treatment chemicals, additives, cleaners and disinfectants that target the consumer, industrial, institutional, food and beverage, and pool and spa water markets.
The acquisition of CedarChem aligns with the company’s previous bolt-on deals for chemical suppliers like Clearon Corp., KLK Kolb, SCL GmbH and NEU, which expanded the company’s global capacity in the past few years.
The CedarChem deal is Solenis’ first to be closed after its enormous $4.6 billion acquisition of Diversey, a company that produces a wide variety of consumer cleaning products.
Solenis emerged from former Hercules and Ashland water treatment divisions dating back to 1907, launching its current iteration in 2015. Solenis added the former BASF company in a 2019 deal to significantly grow its reach and footprint. Today, it is headquartered at Avenue North in Wilmington’s Fairfax suburb and has announced plans to build a $35 million research and development center in the state.
Led by CEO John Panichella, it has 71 manufacturing facilities around the globe and employs more than 15,400 in 130 countries across six continents.