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Soltex Inc, Announces Acquisition of DSI Ventures

 

The Woodlands, TX. September 18, 2023 – Soltex, Inc., a leading chemical manufacturer and distributor specializing in  manufacturing high-quality additives  that serves multiple industrial sectors, announces the strategic acquisition of DSI Ventures, a well-established player in the dielectric fluid  industry, effective day, September 15, 2023. This strategic move is part of Soltex’ s ongoing efforts to expand its market presence and enhances our ability to serve strategic markets including immersion cooling data center, electrical vehicle fluids, and battery storage.

 

Glenn Bohny, President of Soltex remarks, “The addition of DSI aligns perfectly with our growth strategy.   This acquisition will enhance the Soltex product portfolio and accelerates our presence into the data center fluid and e-mobility markets, which will allow us to serve a broader range of customers.”

 

“The integration of DSI Ventures into the Soltex family marks a pivotal moment in our journey,”

states Dawn Allen, President of DSI Ventures. “This partnership goes beyond the expansion of our portfolio; it’s about harnessing the collective strengths of two industry leaders to create unparalleled value for our clients. DSI Ventures’ deep understanding of the electric vehicle market aligns seamlessly with Soltex’s innovation-centric approach, opening doors to revolutionary advancements in AI and Immersion Cooling technologies.”

 

About Soltex: 

Soltex Inc. is a leading chemical company at the forefront of innovation, dedicated to providing customer-centric solutions across a wide spectrum of industries including lubricants, sealants, adhesives, plastics, grease, dielectric fluids, battery technology, immersion cooling and refrigeration fluids. Harnessing decades of experience, our comprehensive portfolio includes a range of specialty chemicals designed to enhance processes, improve performance, and contribute to sustainable practices. Discover more about Soltex at www.soltexinc.com.

 

About DSI Ventures: 

DSI Ventures, Inc. is an ISO 9001-2015 certified manufacturer and marketer of highly biodegradable lubricants and electrical insulating products. Our product line includes lubricating products for many applications. We specialize in applications that require the best environmental, lubricating, and heat transfer properties. For more information, visit www.dsiventures.com.

 

 

Media Contact:

Hannah Krob

[email protected]

281-587-0900

Meet Josh Stouder: Dedicated Soltex Purchasing Agent

We are thrilled to introduce Josh Stouder, an integral member of the Soltex family who serves as a Purchasing Agent. Josh will celebrate his first year of service at Soltex, a year marked by hard work, determination, and achievements. 

 

Integral Roles at Soltex 

Josh’s responsibilities at Soltex encompass various tasks from supplier relationship management to demand planning and purchasing. One of his critical roles includes negotiating raw material pricing, a job that requires strategic thinking, a solid understanding of market dynamics, and excellent communication skills. Additionally, he identifies and sets up new suppliers, contributing to a diversified vendor base for Soltex. Moreover, Josh handles the demand planning and oversees the purchasing of several key product lines. He successfully manages these responsibilities through strategic planning, keen attention to detail, and ongoing communication with various departments. 

 

Embracing Challenges and Achieving Success 

Josh has a deep-rooted connection to the chemical industry, with a family history in the field. This affinity led him to seize the opportunity to join Soltex, a company renowned for its excellent customer service and strong work culture. Josh’s notable contributions include a project focused on identifying and resolving deficiencies within Soltex’s PCA supply chain, amidst other numerous projects. Not only did this project pose a challenge, but it also provided Josh with a great learning experience and the opportunity to make a significant contribution to Soltex. The biggest challenge Josh faces in his role is demand planning in an unpredictable market. However, he embraces these challenges with confidence, consistently demonstrating his adaptability, strategic acumen, and up-to-date market awareness to ensure smooth operations. For Josh, success as a Purchasing Agent involves reducing input costs, ensuring a reliable supply of quality materials, maintaining a flexible supply chain, and managing multiple workflows successfully. His strategy methods have played a pivotal role in his success at Soltex. 

 

Life Outside Soltex  

Outside of work, Josh is an active individual with diverse hobbies. He enjoys running, lifting weights, and shooting, both sporting clays and long-distance targets. He also plays the classical guitar and loves to lose himself in a good book. He shares his home with a furry friend, Calvin, a lively West Highland Terrier. Italian cuisine tops his list of favorite foods. Being a proud Texas A&M alumni (WHOOP!), he yells for his Aggies at college games. When it comes to vacations, Scotland is Josh’s desired getaway. As he approaches his first anniversary at Soltex, Josh continues to demonstrate his dedication and strategic thinking in his role as a Purchasing Agent. His contributions have been significant, and we look forward to his continued growth and success. 

Soltex Reactions Q2 – 2023

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Soltex’s Successful Participation in STLE 2023

Soltex recently participated in the STLE (Society of Tribologists and Lubrication Engineers) 2023 trade show held in Long Beach, California. As a leading provider of innovative lubricant solutions, attending this trade show provided us with valuable opportunities to connect with customers, showcase our products, and explore the latest trends and topics at the forefront of the industry.

 

The main goal in attending the STLE 2023 tradeshow was to strengthen our relationships with existing customers, meet potential new clients, and create brand awareness while highlighting the strength of Soltex products. With a focus on technical professionals in the lubrication and tribology field, we aimed to engage with individuals who possess a deep understanding of the industry and can appreciate the unique benefits of our offerings. One of the highlights of our participation in the event was the opportunity for Soltex team members to share their deep expertise and insights on lubricant formulation and its applications.

 

To maximize visibility and impact, Soltex took advantage of sponsorship and marketing opportunities at the event. We sponsored one of the exhibitor appreciation events, allowing us to distribute marketing literature and customer goodies, such as handouts, which served as excellent promotional materials for our brand. As part of the engagement strategy, we also offered giveaways to attract attendees to the Soltex booth. These giveaways not only generated interest but also served as a tangible reminder of Soltex presence and offerings even after the trade show ended.

 

From a marketing perspective, the primary objective was to broaden awareness of Soltex products and specific strengths. Through informative conversations, eye-catching displays, and engaging presentations, we successfully showcased how our products have recently solved problems and assisted with various formulation needs. As a prime example of our product success, we highlighted the effectiveness of PCA as anti-wear packages used in fighting grade industrial gear oil.

 

Attending STLE 2023 also provided Soltex with valuable insights into industry trends and needs. We had the opportunity to network with other professionals, attend informative sessions, and gain valuable insight into market conditions. This knowledge will help us refine our strategies, innovate product offerings, and stay at the forefront of the lubrication and tribology field.

 

In conclusion, our participation in the STLE 2023 trade show was a resounding success. We were able to achieve our goals of connecting with customers, meeting potential clients, and raising awareness of Soltex products and their strengths. By actively engaging with attendees, sharing our expertise, and showcasing our innovative solutions, we left a lasting impression on the industry. The valuable insights gained from the event will enable us to continue delivering exceptional lubricant solutions to our customers and stay ahead of industry trends. We look forward to future opportunities to further contribute to the field of lubrication and tribology.

Soltex Attends NACD Washington Fly-In: Building Industry Relationships and Promoting Leadership

Participation in industry events plays a crucial role in expanding knowledge, building relationships, and staying ahead of the curve. Soltex recently made a significant impact at the NACD Washington Fly-In event. Through their participation, Soltex aimed to advocate for important policy goals, network with industry leaders, and enhance their position as an influential player in the Chemical Distribution market.

 

Building Lasting Relationships

Industry events provide an ideal platform for networking and establishing valuable connections with other emerging leaders. For Soltex, forging lasting relationships within the chemical industry is crucial for future growth and collaboration opportunities. The NACD Washington Fly-In offered an environment where industry professionals could interact, exchange ideas, and build strong networks. Through proactive engagement with emerging leaders, Jarrod Roussell, Soltex Product Manager, has forged lasting relationships that hold great potential for benefiting the company’s ongoing growth. These valuable connections have the power to foster partnerships, facilitate the exchange of insights, and inspire collaborative efforts that drive innovation and success at Soltex.

 

Another Soltex attendee, Bryan De La Rosa also experienced the benefits NACD offers to those in the chemical industry. “The NACD hosted Washington fly-in was a big success for our group. The event allowed us to not only meet with our local and regional government representation, but it also allowed us to bring forth challenges that we are facing in the market and gives us an arena to discuss future or current political changes that will directly impact our industry. The NACD does a great job at keeping all its members informed about these challenges and making the trip to Washington allowed us to follow up on these face to face. The event also provided a great opportunity for meeting and networking with industry leaders that are associate members of the NACD which is always a positive.”

The Value of Emerging Leaders

The Emerging Leaders program offered by NACD holds immense value. This program provides a platform for young professionals to cultivate their leadership skills, gain insights from industry veterans, and foster personal growth. By participating in this program, Roussell was able to leverage his experiences and expand his capabilities as a leader within Soltex. As he continues to develop his leadership skills, Soltex stands to benefit from his enhanced decision-making abilities, strategic thinking, and industry acumen. The Emerging Leaders program serves as a catalyst for Jarrod’s continued growth and development, contributing to both his personal success and the overall growth of Soltex. Roussell stated, “The NACD fly-in was a very good experience. Meeting an actual representative from congress was a personal highlight, and being able to advocate for change particular to our industry was an inspiring experience.”

 

Soltex’s participation in the NACD Washington Fly-In event exemplifies the company’s commitment to staying at the forefront of the chemical industry. Through the involvement of key personnel like Jarrod Roussell and Bryan De La Rosa, Soltex not only enhances its own knowledge and network but also actively contributes to industry-wide initiatives and policy goals. By leveraging industry events to expand knowledge, build lasting relationships, and foster leadership development, Soltex positions itself as a leading force in the chemical industry. As Soltex continues to grow, the expertise and industry connections gained through events like the NACD Washington Fly-In will undoubtedly play a crucial role in its future success.

 

Soltex Growth Project: Ushering in a New Era of Expansion and Efficiency

In recent years, Soltex has been driving strategic growth projects at its manufacturing facilities in Baytown,
Texas, and Belleville, Ontario, Canada. These initiatives are aimed at enhancing operational
efficiency, expanding capacities, and ensuring a seamless experience for our valued customers and Soltex team members alike. Exciting developments are happening at both facilities, showcasing the
remarkable progress achieved through the Soltex Growth Project.

Baytown Facility:
This location has witnessed significant advancements that will revolutionize its packaging and
transportation capabilities. One notable achievement is the installation of an automated
packaging system featuring cutting-edge robotics, motorized conveyors, and advanced imaging
technology for precise package filling. This state-of-the-art system has not only improved
packaging efficiency by a staggering 100%, but has also enhanced safety measures, ensuring
top-flight standards.

Furthermore, the expansion of product transfer pipelines at the Baytown facility is a remarkable
feat. The addition of an extra Spur has effectively doubled the railcar access for transloading
and blending, expanding capacity and operational flexibility. Moreover, a brand-new truck scale
has been introduced within the facility, eliminating the need for truck drivers to scale at a
separate location. This strategic convenience streamlines operations and fosters stronger
relationships with Soltex’s truckers and customers.

To further augment inventory management and throughput, Soltex is adding an additional
45,000 square feet of concrete to expand its container space. This expansion ensures a
smoother flow of inventory within the facility, optimizing operations and meeting the growing
demands of the market. Simultaneously, the site is also increasing steam capacity to
accommodate an additional 24 containers, enhancing productivity and versatility.

In terms of employee well-being, Soltex has taken proactive measures to improve the working
environment. Large ceiling fans have been installed, improving air circulation and combating
heat exhaustion, creating a more comfortable and pleasant workspace for warehouse
personnel.

Belleville Facility:
The Soltex Canadian facility in Belleville has experienced significant growth in handling
transformer oil products. To support this expansion, the facility has completed a crucial
development project. This project includes the addition of three 28,000-gallon stainless steel
tanks, along with accompanying piping and instrumentation. These new assets enhance
operational throughput and flexibility across all transformer oil products, benefitting both Soltex
and its valuable partnership with Ergon Refining.

Fostering a Culture of Safety: Soltex’s Safety Committee

Introduction:
A safe and healthy work environment is essential for any organization’s success. Soltex recognizes the importance of prioritizing safety and has established a dedicated Safety Committee to promote and maintain a secure workplace. This blog post sheds light on the purpose, composition, and impact of Soltex’s Safety Committee.

The Purpose of the Committee:
The primary objective of the Soltex Safety Committee is to cultivate and sustain a safe and healthy work environment for all employees. By creating a platform for collaboration between employees and management, the committee actively addresses safety concerns, identifies potential hazards, and develops strategies to mitigate risks. Through these efforts, the committee plays a vital role in reducing workplace incidents and safeguarding the well-being of the Soltex workforce.

Committee Composition:
The Soltex Safety Committee is composed of representatives from various departments, ensuring a diverse range of perspectives and expertise. Members from management, customer service, supply chain, human resources, sales, and operations come together during regularly held committee meetings to discuss safety-related matters. This inclusive approach promotes comprehensive safety practices and encourages effective collaboration among committee members.

Coverage Areas:
The Safety Committee covers a wide range of safety-related topics. They conduct regular site audits to identify potential hazards, review incident reports to learn from past experiences, and perform risk analyses to proactively address emerging risks. The committee also reviews and improves existing safety programs, considering feedback and suggestions from employees. By focusing on these areas, the committee consistently enhances safety measures within the organization.

Serving Customers and Suppliers:
While the Safety Committee’s primary focus is on employees, its impact also extends to Soltex customers and suppliers. By prioritizing safety, the committee indirectly influences the maintenance of product quality and customer satisfaction. Their proactive measures help prevent incidents, which can directly impact the interests and well-being of customers and suppliers. By demonstrating a commitment to safety, the committee instills confidence in stakeholders and fosters long-term relationships.

Effect on Growth and Expansion:
The Soltex Safety Committee plays an important role in the company’s growth and expansion. A strong safety culture, driven by the committee’s efforts, contributes to a positive reputation for the organization. This reputation enhances customer trust and confidence, thereby fostering business growth. Additionally, an engaged safety committee improves employee morale and satisfaction, leading to increased productivity and retention rates. The committee’s proactive approach also ensures regulatory compliance when entering new markets, facilitating expansion and diversification.

Conclusion:
The Soltex Safety Committee exemplifies the company’s commitment to creating a safe and healthy work environment. By bringing together representatives from various departments, the committee fosters collaboration and comprehensive safety practices. Not only does this initiative benefit employees, but it also serves its customers and suppliers by promoting confidence and maintaining product quality. Furthermore, the committee’s proactive approach positively impacts the company’s growth and expansion endeavors. With the Safety Committee at the forefront, Soltex continues to prioritize safety and wellbeing while laying the foundation for a successful future.

Soltex to Showcase Latest Innovations at STLE Annual Meeting

The Society of Tribologists and Lubrication Engineers (STLE) annual meeting scheduled for May 21-24, 2023 in Long Beach, CA, is one of the most highly anticipated events in the field of tribology and lubrication engineering. This year, Soltex, Inc. is looking forward to participating in the event and showcasing its latest products and innovations.

As a leading supplier of high-quality petroleum additives, Soltex is committed to delivering innovative solutions that meet the needs of the industry. At the STLE annual meeting, the company will have all products on display. In particular, Soltex will be featuring its lines of polybutenes and performance chemical additives (PCA).

Attendees can expect to learn more about the company’s latest products and innovations, including its cutting-edge solutions for the automotive, industrial, marine, and aviation industries. Soltex expert representatives will be available to answer questions and provide technical support, making STLE an excellent opportunity to gain insights and knowledge about the latest developments in the field.

Soltex will also participate in educational workshops at the event, where our experts will share their deep knowledge and insights with other industry professionals. This will provide attendees with valuable insights, helping them to stay at the forefront of the industry and continue to innovate and improve their products and services.

Overall, Soltex’s participation in the STLE annual meeting as a Palladium level sponsor is a testament to its commitment to the industry and its customers. By staying engaged with the latest developments and trends in the field, the company is able to deliver the most innovative and effective solutions to its customers. Attendees can expect to learn from Soltex experts, gain valuable knowledge and insights, and discover new innovations and solutions to enhance their operations. Stop by and visit us at Booth 222!

Soltex Makes Connections at ILMA Engage

Soltex attends many industry meetings throughout the year, and each one has a specific focus and purpose. One such event the company attended recently was the 2023 ILMA Engage in Tucson, Arizona. This spring meeting is focused on learning about trends in the lubricants industry, reconnecting with old colleagues, and meeting new associates.

The main goal for Soltex in attending ILMA Engage is connecting with producers and customers for current trends in the lubricants industry as well as understanding current demands, projects, and opportunities. Soltex schedules meetings with commercial and technical procurement attendees throughout the three days. 

John Grimes from the Soltex team was able to engage with a variety of attendees and gather valuable information. While Soltex did sponsor a tabletop located in the Base Camp, Grimes was able to connect with individuals from other companies at networking sessions. “This year’s ILMA Engage was record attendance with over 600 attendees.” The only challenge to arise is making our reservations on time for the host hotel. As the numbers climb, the spaces fill sooner.

At the meeting, one of the product lines that garnered the most interest was the PCA, and Polybutene lines. Understanding the customer’s forecast and new project allows our teams to promote our complete product line application benefits. Identifying the global scale market gives us insight into the market view and communicates to our internal services the needs in the future.

Soltex will attend the ILMA Annual Meeting in Palm Desert, California to learn more about upcoming market conditions and business intel.