Kemira acquires dutch Verdugt BV
With the acquisition Kemira advances in the value chain in accordance with the Group's strategy, moving towards products with added value. Kemira will gain the position as the global leader in organic acid derivative production and marketing, from the Group's current position as the second biggest producer of formic acid and its derivatives.
Through this acquisition Kemira will strengthen its position in Europe and acquire a leading position in formic acid in the U.S. The acquisition widens Kemira's product range, and there are strong synergies between the two companies in logistics, marketing and know-how. In addition to new applications, new possibilities will open up for the company to expand its markets in North and South America and Asia.
The transaction is subject to approval by the authorities.
Other news from the department business & finance
Get the chemical industry in your inbox
From now on, don't miss a thing: Our newsletter for the chemical industry, analytics, lab technology and process engineering brings you up to date every Tuesday and Thursday. The latest industry news, product highlights and innovations - compact and easy to understand in your inbox. Researched by us so you don't have to.