Kemira signed an agreement today to sell its formic acid business, including the feed and the airport runway deicing product lines, to Taminco (Allentown, Pennsylvania, USA). The businesses sold had combined revenue of approximately EUR 140 million in 2012. The transaction includes a manufacturing asset for formic acid in Oulu, Finland and approximately 160 employees will transfer to Taminco. The transaction is subject to the fulfillment of customary closing conditions, and the closing is expected during the first quarter in 2014.Read more
HELSINKI, Sept. 20, 2013 (Press Release) - Kemira has signed an agreement to acquire Soto Industries Inc, a privately owned company, headquartered in Vancouver, Canada. Soto is a specialty chemicals and services supplier to the pulp and paper industry.
Soto supplies a broad range of specialty chemicals including digester scale control, silicone and oil-based defoamers, and polymers used in green liquor clarification and effluent treatment for pulp and papermaking.Read more