Kemira Oyj: Kemira acquires BASF AKD emulsion business
February 27, 2014 at 10 am (CET+1)
BASF and Kemira announced todaythat Kemira will acquire BASF's global alkyl
ketene dimer (AKD) emulsion business. The transaction is expected to close in
the first half of 2014.
"Kemira is a global leader in paper and pulp chemistry and the leading
supplier of sizing products for the paper industry. This acquisition of the
AKD emulsion business is one part in implementing our strategy and will
further strengthen our possibilities to serve our Paper customers especially
on the continental European market", said Kenneth Nystén, Senior Vice
President, Regional Business Unit Paper EMEA.
With this transaction BASF, the leading supplier of paper chemistry, will
further optimize its paper chemicals portfolio in order to focus on
customer-oriented products and solutions to improve the efficiency of paper
machines and lower the total cost of operation. "In line with our recent
announcement we have evaluated all strategic options for the AKD emulsion
business and found an excellent partner in Kemira who will ensure a smooth
transition and uninterrupted supply of customers", said Andreas Tuerk, Senior
Vice President, Paper Chemicals Europe.
The parties have agreed not to disclose financial details of the agreement.
Corporate Media Relations
Tel.: +49 30 206 2950-34
Global Communications Paper Chemicals
Tel.: +41 61 63-60644
SVP, Communications and Corporate Responsibility
Tel: + 350 40 745 7943
SVP, RBU Paper EMEA
Tel: +49 15154407955
BASF is the world's leading chemical company: The Chemical Company. Its
portfolio ranges from chemicals, plastics, performance products and crop
protection products to oil and gas. We combine economic success with
environmental protection and social responsibility. Through science and
innovation, we enable our customers in nearly every industry to meet the
current and future needs of society. Our products and solutions contribute to
conserving resources, ensuring nutrition and improving quality of life. We
have summed up this contribution in our corporate purpose: We create chemistry
for a sustainable future. BASF had sales of €72.1 billion in 2012 and more
than 110,000 employees as of the end of the year. BASF shares are traded on
the stock exchanges in Frankfurt (BAS), London (BFA) and Zurich (AN). Further
information on BASF is available on the Internet at www.basf.com.
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
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
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