The name change coincides with the acquisition of Ashland Water Technologies by a fund managed by private investment firm Clayton, Dubilier & Rice (CD&R).

Prior to the acquisition, Ashland Water Technologies was a commercial business unit of Ashland Inc. The sale closed July 31, 2014 and included the Industrial Water and the Pulp and Paper business units.

Although the name and brand is new, Solenis is grounded in a strong heritage that includes Ashland Water Technologies as well as Betz Laboratories, Drew, Stockhausen and Hercules.

The stand-alone company continues a 94-year reputation as a respected manufacturer of specialty chemicals to a range of diverse industries. It offers the panel industry formaldehyde-free adhesive technology with its trademarked Soyad adhesives.

"As a stand-alone company, Solenis is better positioned to pursue new opportunities and develop new products that will deliver better value to our customers and result in steady growth and improved margins," explains John Panichella, president and chief executive officer of Solenis.