DPI-backed Solevo completed the acquisition of an 80% stake in Multichem Industries.

DPI-backed Solevo, a pan-African specialty chemicals distribution platform, completed the acquisition of an 80% stake in Multichem Industries, a chemical manufacturing and distribution company in Nigeria. Financial terms were not disclosed. Integrating Multichem’s laboratory in Lagos with Solevo’s regional R&D hubs enhances their ability to provide "tailor-made" chemical formulations for local manufacturers.