Soltex Makes a Game-Changing Acquisition of DSI Ventures: Unveiling New Avenues in AI and Immersion Cooling
In a recent move, Soltex has officially announced its acquisition of DSI Ventures, setting the
stage for a dynamic synergy that promises to redefine the landscape of AI and Immersion Cooling.
With a strategic eye on emerging markets and a wealth of combined expertise, this acquisition is
poised to open doors to a multitude of exciting possibilities. Let’s delve into the highlights of
this union and the remarkable efficiencies it brings to the table.
A Strong Foundation for Emergent AI and Immersion Cooling Markets
The merger of Soltex and DSI Ventures marks a significant milestone in the fast-evolving world of
technology. As AI continues its meteoric rise and immersion cooling gains traction as a highly
efficient cooling solution, this collaboration sets a foundation for pioneering advancements in
both fields. DSI Ventures, well-established in the industry and armed with a deep understanding of
the electric vehicle (EV), battery storage, and immersion cooling markets, perfectly complements Soltex’s innovative drive.
Expansion of Offerings
One of the most exciting aspects of this acquisition is the array of new product and service
offerings it will deliver to customers. The combined entity is primed to enhance its portfolio,
particularly in the realm of dielectric fluids. While DSI Ventures primarily supplies mineral-based
transformer fluid, Soltex introduces synthetic-based fluid for electronics, such as radio stations
and TV transformers, broadening the scope of applications. The roadmap even extends toward battery
cooling, which is increasingly crucial in the ever-expanding world of electric mobility.
Streamlining Turn Times, Boosting Availability, and Elevating Support Services
The integration of Soltex and DSI Ventures yields a range of benefits that directly impact
customers. The promise of better turn times and increased product availability emerges as a result
of the collaboration, ensuring that critical resources are readily accessible. Furthermore, the
acquisition facilitates additional support services, signifying an elevated commitment to customer
satisfaction. Although services remain unaffected, the continued Soltex expansion plans for a
separate operational building in Baytown emphasizing their dedication to refining logistical
aspects for optimal efficiency.
Charting a Bold Course Forward
This collaborative journey began on the official acquisition date, September 15th of this year. By
combining Soltex’s and DSI Venture’s strengths, expertise, and market insights, the two companies
are poised to drive innovation, redefine industry standards, and create unmatched value for their
customers. In the ever-evolving tech landscape, the acquisition of DSI Ventures
stands as a major advancement, promising a transformative future.
Soltex’s Commitment to Maintaining a Strong Presence in Canada
Soltex is committed to providing high-quality services and products to customers across North America. Recently, the company made a significant investment in Canada by acquiring a new substation transformer and tanks. This investment is part of Soltex’s ongoing efforts to maintain a strong presence in Canada and to ensure that its customers in the region have access to the best equipment and services available.
Replacing an Aging Transformer
The decision to replace the transformer was made due to its age. Typically, the lifespan of a transformer is around 25 years. However, Soltex’s unit was 36 years old and showing signs of wear and tear. The oil in the unit had started to degrade, meaning that the insulation was breaking down. This deterioration posed a significant risk to the plant’s operations and Soltex’s business continuity. If the transformer failed, it would have resulted in an extended closure of the plant and office, impacting Soltex’s customers and employees.
To mitigate this risk, Soltex decided to replace the aging transformer with a new unit. The lead time for a new transformer is 9-12 months, highlighting the importance of proactive planning to ensure minimal disruption to operations.
Collaborating with Industry Experts
Soltex partnered with KPC Power Electrical Ltd to replace the substation transformer. Soltex team members John Miron and Rob McLean worked closely with KPC Power Electrical Ltd to ensure a smooth and efficient installation. The replacement took place on January 20-22, 2023.
Soltex’s attentiveness and proactive planning approach to risk management and collaboration with industry experts have helped to ensure a successful installation and minimal disruption to operations. The company’s investment in a new substation transformer in Canada demonstrates its dedication to maintaining a strong presence in the region, ensuring the continued success of its operations, and providing high-quality services and products to its customers.
Revolutionizing Power Solutions: Soltex, Dana and Ergon Further Solidify Partnership
In June 2023, Soltex unveiled a groundbreaking truck design that showcases the collaborative efforts of Soltex, Dana, and Ergon. The launch event was attended by esteemed individuals from the companies, including John Grimes, Glenn Bohny, Joseph Massoud, Bryan De La Rosa from Soltex, Chuck Martinez, Peter Beauchemin from Dana, and Andy Holden from Ergon. This marks a significant milestone in the partnerships.
Andy Holden, a representative from Ergon, expressed his gratitude and admiration for the exceptional growth and trust that Soltex has demonstrated over the years. He stated, “Soltex has grown to become a valuable and trusted partner in the last few years. We all know that endeavors like this require a lot of help from many people, and this is another great example of what we’ve been accomplishing together. We thank you all for that commitment to Ergon and our customers.” These words acknowledge the collaborative spirit and dedication that has propelled this partnership to new heights.
The advancing technology of Insulating Oils should not be overlooked. Whether you find yourself in a cold climate or occasionally visit one, rest assured that Ergon HyVolt C50A – Canada CSA C50A Type II/IV is tirelessly working behind the scenes to ultimately provide assistance in warmth and safety in every indoor environment you encounter. Chemical solutions like these brought to life through the collaborative efforts of Soltex and Ergon, uphold the critical function of power supply regardless of the weather conditions, making our world more connected and secure.
With each milestone achieved and every innovative endeavor undertaken, the partnerships with Soltex continue to revolutionize the power industry. As we continue on this transformative journey, we eagerly anticipate the forthcoming opportunities that lie ahead, driven by the collective vision and tireless efforts of these industry leaders. The truck design launch serves as a testament to the immense potential that can be unlocked when brilliant minds and progressive companies unite in a shared pursuit of excellence. Together, Soltex, Dana, and Ergon are redefining the possibilities of power supply, creating a future where reliable energy is not just a necessity but an enabler of extraordinary achievements.
Soltex: A Legacy of Growth Through Exceptional Customer Support and Value-Added Formulations
Soltex has experienced steady growth since its inception, with multiple expansions, services, and product offerings. The company acquired Chevron Phillips Chemical’s Shawinigan Black business in 2004, which became known as Soltex’s Acetylene Black (AB). Two years later, Soltex purchased a major competitor in North America, H&R (heritage Dussell Campbell), and in 2012, the company expanded its product line to include synthetic base oils, refrigeration fluids, base components, and chemical and performance additives for industrial and consumer applications.
In 2015, Soltex Canada was established through the purchase of OMG Belleville, which shortened transit times and reduced logistic costs. Following that acquisition, Soltex acquired Petroleum Chemicals and Tabler, expanding further into the Lubricant Additives and Paint and Coatings industry. Soltex continues to maintain a strong presence in Canada and in January 2023 invested in a new substation transformer and July 2023 a new tank ensuring the continued success of its operations and providing high-quality services and products to its customers.
US and Canada-Based Operations & Manufacturing
Soltex manufacturing is based in the US and Canada. Most performance chemical additives (PCA) are produced in the US. Products made in Canada are dielectric fluids, refrigeration fluids, cable flood, fill and gels, metal carboxylates, and performance additives.
In the last year, the company permanently moved the location of its company headquarters from Houston, Texas, to The Woodlands, Texas. As Soltex continues to grow, the move to the new facility provides the space and room needed to serve customers better. It also gives Soltex the opportunity to expand all teams and continue increasing product lines.
Customer Service Strength
Soltex places a high priority on customer service and employs a knowledgeable and responsive staff. The company operates warehouses and packaging operations in Houston, Texas, as well as toll manufacturers in Canada and the US. With an in-house laboratory and expertise, Soltex can provide reliable technical support and innovative problem-solving for customers with unique needs. The company’s logistics and distribution resources enable its team to provide efficiencies in warehousing and transporting products worldwide.
Soltex remains committed to providing high-quality products, exceptional customer support, innovative problem-solving, and continuous updates to the company’s infrastructure. The company vision is set on additional growth through ongoing product portfolio expansion and new business partnerships.
Soltex Employees Raise Awareness and Funds for Suicide Prevention
At its core, Soltex has always placed the utmost importance on customer service, product quality, building relationships, and fostering a company culture that highly values its employees and encourages support for its communities. In September of 2022, members of the Soltex team participated in the American Foundation for Suicide Prevention (AFSP) annual fundraiser “Out of the Darkness Walk” in Morris County, New Jersey.
According to the Centers for Disease Control and Prevention (CDC) Data & Statistics Report for 2020, suicide is the 12th leading cause of death in the United States. In 2020, 45,979 Americans died by suicide with an estimated 1.2 million more suicide attempts. Established in 1987, the AFSP is a voluntary organization that gives those affected by suicide a nationwide community empowered by research, education, and advocacy to take action against this leading cause of death.
The AFSP has local chapters in all 50 states and organizes walks across those chapters to raise awareness to help change the conversation about mental health and put a stop to this tragic loss of life.
Since 2012, Soltex has dedicated support to the AFSP’s mission to save lives. About the company’s longstanding involvement with AFSP, Soltex Vice President of Sales, Susan Kovacs says, “We understand that suicidal thoughts, much like mental health conditions, can affect anyone regardless of age, gender, or background. It is our hope that our small contributions can help raise awareness of this stigmatized, and often taboo, topic.” He also adds, “We wish to help in shifting public perception, spread hope, and share vital information to people affected by suicide. The truth is, we can all benefit from honest conversations about mental health conditions and suicide because just one conversation can change a life.”
The AFSP creates a culture that’s smart about mental health by engaging in core strategies like funding scientific research, educating the public about mental health and suicide, advocating for public policies in mental health and suicide prevention, and supporting survivors of suicide loss and those affected by suicide.
Over the last year, the Morris County Walk raised over $76,000 and the entire New Jersey chapter of AFSP has raised more than $1.1 million to date for this important cause. Soltex looks forward to participating once again for the 2023 walk in Morris County this November 2023.
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
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’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.
