Solenis to acquire hygiene solutions firm NCH

The combined company will unite complementary business models to further solidify Solenis' position as a global leader for water and hygiene solutions

Solenis and NCH Corporation (NCH) have entered into a definitive agreement to merge the NCH business with Solenis. Under the terms of the agreement, Solenis will acquire 100% of NCH stock, creating a more diversified, customer-centric provider of water and hygiene solutions. The Levy Family, owners of NCH since its founding in 1919, will become the largest minority shareholder in Solenis. Finance terms were not disclosed.

The transaction is expected to close by the end of 2025 following regulatory approvals and other customary conditions. Solenis and NCH will continue to operate strictly as independent companies until the transaction is complete.

The combined company will solidify Solenis' position as a global leader for water and hygiene solutions.

Headquartered in Wilmington, Delaware, Solenis is a leading global provider of water and hygiene solutions. The company was acquired by Platinum Equity in 2021. NCH is the quality leader and trusted on-site expert in middle-market water treatment and industrial solutions.

"The merger presents a unique opportunity to unite our complementary businesses. By leveraging Solenis' global reach and NCH's established presence in the middle market, we can enhance the customer experience through Solenis' 360 approach. Joining forces creates a more diversified business with increased scale, an expanded global footprint, and superior customer service capabilities. Together, the newly combined company will provide attractive cross-selling opportunities, including meeting the increasing customer demand for sustainable and digital solutions," said John Panichella, Chief Executive Officer, Solenis.

In a statement, the Levy family expressed their commitment to the company's future: "Our grandfather started NCH over a century ago to provide customers with the highest quality solutions, served by the best trained professionals. Since then, our family and associates have diligently pursued that vision and merging with Solenis is the best way to take a great business and make it even better. We are committed to our associates and customers and know they will continue to thrive with Solenis."

"Solenis and NCH will be better together," said Chris Wright, President, NCH Global Chemical. "Joining forces will amplify opportunities for our associates around the world. We're excited to merge with a truly great company, which allows us to better serve our customers through a broader product and service offering."

"We believe this is a transformational opportunity to help Solenis further diversify its business and increase its exposure to the attractive middle-market light water segment," said Platinum Equity Co-President Jacob Kotzubei and Platinum Equity Managing Director Nathan Eldridge in a joint statement. "We have great respect for the Levy family and everything they have built over the years, and we are excited to be their partners."