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Kemira closes the acquisition of BASF's global AKD emulsion business


May 6, 2014 - London

Kemira Oyj
Press release
May 6, 2014 at 12.00 pm (CET +1)

Kemira Oyj has on May 5, 2014 closed the acquisition of BASF's global AKD emulsion business announced on February 27, 2014. AKD is an alkyl ketene dimer based sizing agent, which impacts paper and board hydrophobicity or water resistance. The acquisition strengthens Kemira's position in offering sizing products for the paper industry especially on the continental European market.
 
The parties have agreed not to disclose financial details of the agreement.
 
 
For more information, please contact:
 
Leena Lie
SVP, Communications and Corporate Responsibility
Tel: + 358 40 745 7943
leena.lie@kemira.com
 
Kenneth Nystén
SVP, RBU Paper EMEA
Tel: +49 151 5440 7955
kenneth.nysten@kemira.com

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Kemira is a global chemicals company serving customers in water-intensive industries. We provide expertise and chemicals that improve our customers' water, energy and raw material efficiency. Our focus is on pulp & paper, oil & gas, mining and water treatment. In 2013, Kemira had annual revenue of EUR 2.2 billion and around 4,500 employees. Kemira shares are listed on the NASDAQ OMX Helsinki Ltd.
www.kemira.com


 




This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Kemira Oyj via Globenewswire

HUG#1782984

GlobeNewswire

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