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Solenis is a leading global producer of specialty chemicals focused on delivering sustainable solutions for water-intensive industries. To continue serving its customers, the company acquired Diversey Holdings, a leading provider of hygiene, infection prevention, and cleaning products and technology. The July 2023 acquisition allowed Solenis to grow to an enterprise that operates in over 130 countries with 71 manufacturing facilities.
Additionally, the acquisition brought fifteen thousand into the ranks. That includes leaders like Terilyn Dumas, who served as deputy general counsel and assistant secretary at Diversey before stepping into her current role as vice president and assistant general counsel.
In a video announcement, Solenis CEO John Panichella said the merger makes Solenis “a more diversified company with significantly increased scale, broader global reach, and the ability to offer ‘a one-stop shop of solutions that meet customer demand and address water management, cleaning, and hygiene issues on a global basis.”
Since the acquisition, Solenis and Diversey have made several strategic moves to capitalize on that.
Investment in India
During a press meeting with global and regional management teams, Diversey announced its growth plans for India’s water treatment and hygiene sectors. The plan is to achieve double digit growth in the next three to five years, achieved through investments in research and development, new manufacturing plants, and key acquisitions.
“Amongst the emerging markets, India is one of the important markets for us where we have a differentiated market position,” said Somer Gundogdu, president of emerging markets and Taski in a statement. “Adding to the growth trajectory is the expanding Indian economy which will pave the way for us to scale the business significantly.”
June 2024 Acquisitions
On June 10, Solenis announced that it acquired Aqua ChemPacs, a leading manufacturer of preportioned, concentrated liquid chemical packs that leverages low-carbon-footprint packaging. The company’s product dissolves easily in water, allowing customers to produce a variety of high-quality cleaning and disinfection products on-site. Aqua ChemPacs adds to another eco-friendly cleaning and disinfection solutions to the Diversey portfolio.
Two days after that announcement, Solenis announced that it acquired 100 percent of Lilleborg shares from Orkla. Lilleborg, which supplies professional cleaning solutions, is one of the leading companies in the Norwegian commercial market. Now, Diversey can expand into the Norwegian water treatment market through a direct channel, providing an extended portfolio of solutions for food and beverage customers.
International Centers of Excellence
In November 2022, Solenis opened two international centers of excellence—one virtual and one physical center—to drive more sustainable solutions for the consumer paper packaging industry.
The virtual center allows customers to participate remotely in lab experiments with Solenis experts and offers more than seventy paper and food and beverage packaging characteristics across a variety of categories. The physical center is a facility in Germany that includes application and testing equipment in addition to repulping and recycling capabilities.
Both aim to stimulate and test customer processes, treatment programs, and paper/paperboard properties to optimize performance efficiency, costs, and sustainability.
“The attorneys at Donnelly & Harris (Chicago) prize every opportunity to work on Terilyn Dumas led cases. She leads by example and puts in the time to master every case detail. Her approach to litigation is both principled and driven by the law, and practical, with emphasis on understanding the business and personal impacts involved. Terilyn sets the bar high and challenges us to meet it.”
–Patrick Donnelly, Partner
