Vulcan deal closed: Kemira becomes a leader in North American paper chemicals business

07-Jul-2003

The deal between Kemira and Vulcan Materials Company on the pulp and paper chemicals business has been closed. The sales value of the business is USD 80 million, and the finally agreed price was USD 43.5 (EUR 37.7 million). The deal includes the following product lines: emulsion polymers, defoamers, wet and dry strength resins and a variety of custom manufactured products.

With Vulcan Kemira strengthens significantly its resources in North American market and brings new technologies for customers globally, thus strengthening its position as a major global supplier to the pulp and paper industry. The number of Kemira personnel will increase by approximately 150 people.

Kemira's Pulp & Paper Chemicals business offers its customers higher production efficiency and better product properties based on environmentally sound solutions. Its focus is on retention, sizing, deposit control, water treatment and pulping applications to optimize pulping and papermaking operations as complete solutions.

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