Solenis Acquires BASF's Mining Flocculant Business, Transaction Amount Not Disclosed

Wilmington, Delaware, USA, November 4, 2007 - Solenis, a global specialty chemicals industry leader, has completed the acquisition of BASF's mining flocculants business. This strategic acquisition further strengthens Solis' product line and ensures a full range of solutions for customers in the mining and mineral processing industries.

By integrating BASF's flocculants business, Solis will be able to offer a more diverse range of products and services to meet the broad needs of the mining sector. The acquisition underscores Solis' commitment to providing innovative and sustainable solutions aimed at improving operational efficiency and environmental performance.

The newly expanded product range covers a wide range of flocculants and other products for solid liquid separation and material handling in the mining industry, marketed under the trade names Magnafloc®, Rheomax®, Alclar®, Alcotac®, Jetwet®, Aerowet® and Alcotech®.

John Panichella, Chief Executive Officer of Solis, said: "We are very pleased that BASF's flocculants business is joining the Solis family. This acquisition aligns with our strategic vision to become a leading supplier of mining specialty chemicals. By combining our expertise and resources, we are able to create greater value for our customers."

The acquisition includes not only BASF's customer base and intellectual property, but also a dedicated technical team. Solis is committed to ensuring a smooth transition for BASF customers and maintaining the high standards of service they have come to expect.