Ciba Specialty Chemicals acquires Canadian paper chemicals business LPM Technologies Inc.
Expansion in the area of retention/drainage, fixatives, water management and process chemicals
The acquisition will improve Ciba's position in the important Canadian paper market. LPM Technologies Inc., with sales of around CHF 15 million, is focused on retention/drainage, fixatives, water management products and process chemicals backed-up by a strong technical service team. 28 employees are working for LPM Technologies Inc, based in St-Nicholas (Quebec) Canada.
Armin Meyer, Chairman and Chief Executive Officer of Ciba Specialty Chemicals commented on the acquisition: "Paper chemicals have become a key pillar of Ciba Specialty Chemicals' business portfolio with the recent purchase of Raisio Chemicals. I am excited that we now are able to further strengthen our business through the acquisition of this established Canadian paper chemicals business."
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