Axchem USA to acquire Novel Industrial Solutions.

Axchem USA, a part of Axchem Group, a global network of locally-focused businesses serving the Pulp and Paper market, has agreed to acquire Novel Industrial Solutions, which operates in the paper industry, delivering sustainable solutions to all market segments. Financial terms were not disclosed. "The combination of Axchem's considerable resources and scope with Novel's innovation-based approach to solving the industry's most complex problems quickly and cost-effectively is an exciting new concept. This will enable our new organization to grow even faster, delivering even better results for current customers, and expanding into many more Pulp and Paper mills," Chris Tatman, Novel Industrial Solutions President.