Kemira has completed the acquisition of AkzoNobel paper chemicals business. The value of the transaction is EUR 153 million. The acquired business is expected to increase revenue by more than EUR 200 million on an annualized basis as of the completion date.
Six of the AkzoNobel paper chemicals manufacturing sites and approximately 350 employees will be transferred to Kemira. The integration period is expected to last approximately two years and result in EUR 15 million net synergies on an annualized basis. The production sites to be transferred are located in South Korea, Thailand, Indonesia, Australia, Spain, and Italy.
- Kemira Oyj, Helsinki, Finland