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Completed Transactions > Wholesale and Distribution > Soto Industries had certain assets acquired by Kemira Chemicals

Soto Industries had certain assets acquired by Kemira Chemicals

Soto industries

Date

Sep 2015

Region

North Carolina

Generational Capital Markets, Inc., member FINRA/SIPC, ("GCM") an advisor to privately-held businesses for mergers & acquisitions, is pleased to announce the acquisition of certain assets of its client, Soto Industries, LLC ("Soto"), headquartered in Charlotte, North Carolina, by Kemira Chemical, Inc. (Kemira), located in Atlanta, Georgia, (a division of Kemira Oyj headquartered in Helsinki, Finland). The acquisition of the certain assets closed on September 1, 2015.

Soto supplies specialty chemicals and services to the pulp and paper industry, positioning itself as a cost effective specialty chemical company in the US with superior customer service and reputation. The company has the ability to provide all fiber line chemicals to meet the process needs and costs savings demands of the pulp and paper industry. Soto's products are used in over 30 facilities across the Eastern United States. To learn more, visit www.sotoindustriesllc.com.

Managing Director John Poythress and Vice President Don Ho were the GCM M&A advisors for Soto on the transaction. "It was a great privilege for our firm to represent Soto - in this transaction. Our client had worked extremely hard over - many years - to build Soto. We are pleased to have assisted our client achieve his objective to focus exclusively on process consulting," said John Poythress. Don Ho added, "At the same time, this transaction strengthened Kemira's product and service offering in the United States.

This acquisition allows Kemira to continue its expansion as an innovator and segment leader within the pulp and paper market." Kemira is a global chemicals company serving customers in water-intensive industries, providing expertise, application know-how and chemicals that improve customers' water, energy and raw material efficiency. Kemira's focus is on the pulp & paper, oil & gas, and mining and water treatment industries. To learn more, visit www.kemira.com.

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