Press release -
AkzoNobel divests its water treatment chemicals business in Finland
AkzoNobel Pulp and Performance Chemicals (formerly Eka Chemicals) has agreed in principle to divest its water treatment chemicals business in Finland, including the related production facility in Oulu, to the Feralco Group. The transaction aims to be completed by the end of April 2013.
“We are very pleased to close this deal with Feralco, which is a company focused on growth of water treatment chemicals” says Byron Smith, Director Strategy and Transformation, AkzoNobel Pulp and Performance Chemicals. “We foresee a very smooth transition for our customers, who will continue to receive the same high quality products and service in the future.”
“This acquisition provides us with access to the northern Finland market and allows us to build upon the activities of our Feralco Nordic AB business in the northern part of Sweden” says Stephen Childs, Managing Director of Feralco Europe North.
The planned divestment is in line with AkzoNobel Pulp and Performance Chemicals new strategy launched earlier in 2012.
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Topics
- Chemical industry
Categories
- akzonobel
- pulp and performance chemicals
- water treatment
- oulu
- finland
Note to editors
AkzoNobel is a leading global paints and coatings company and a major producer of specialty chemicals. We supply industries and consumers worldwide with innovative products and are passionate about developing sustainable answers for our customers. Our portfolio includes well-known brands such as Dulux, Sikkens, International and Eka. Headquartered in Amsterdam, the Netherlands, we are consistently ranked as one of the leaders in the area of sustainability. With operations in more than 80 countries, our 50,000 people around the world are committed to excellence and delivering Tomorrow’s Answers Today™.
Pulp and Performance Chemicals (formerly Eka Chemicals) is a business unit within AkzoNobel. We are a leading global force in pulp bleaching technologies, paper chemicals, colloidal silica and expandable microspheres. Our 2,500 employees serve the pulp and paper and other industries in 32 countries.
