November 20, 2001 Bakelite AG, a wholly owned subsidiary of the Rütgers Group, has on November 15, 2001, signed a Sale and Transfer Agreement to buy the phenolic resins business of Neste Chemicals GmbH, a wholly owned subsidiary of Dynea Oy, at Moers/Meerbeck. To become effective, the agreement is subject to approval by the competition authorities. The acquisition consists of sales in phenolic resins of approximately ? 5 million. The resins are applied in the panelboard and abrasive industry. The take-over is considered a step forward in Bakelite?s efforts to achieve a leading position in Europe. The divestment of Dynea?s Meerbeck business was an undertaking agreed with the European Commission by Industri Kapital in connection of Sydsvenska Kemi?s acquisition of Perstorp AB. Sydsvenska Kemi is owned by the Industri Kapital 2000 Fund. After the divestment, Dynea continues to have production for polymer dispersion and paraffin emulsions at the Moers/Meerbeck site. This production is operated under a long-term tolling agreement with Sasol Germany GmbH (previously Condea Chemie GmbH). Bakelite Bakelite is a subsidiary of the RÜTGERS Group in Essen, Germany. The Group recorded sales of approximately ? 3,1 billion and employs 13,900. Bakelite is one of Europe?s leading phenolic resin producers, with sales in 2000 totalling ? 421 million. Bakelite has workforce of over 1,600 people at plants located in Germany, Italy, Spain, Finland and the USA. Dynea Dynea is one of the world?s leading providers of industrial adhesive systems. Adhesive resins are used in a variety of applications by the panel board industry, laminated beam and structural wood manufacturers, the mineral and glass fibre industry, the paper impregnating industry, and many others. Dynea also produces paper overlays and oil field chemicals. In 2000, Dynea had combined revenues of approximately EUR 1.0 billion. With over 50 production units in 25 countries in Europe, the Americas and Asia Pacific, Dynea has some 3,000 employees. Dynea Oy is controlled by the Industri Kapital 1997 Fund and the Industri Kapital 2000 Fund. www.dynea.com.
Dynea acquires the formaldehyde business of Formaldehydwerk Schwarze Pumpe GmbH
Dynea has acquired the formaldehyde assets and manufacturing operations of Formaldehydwerk Schwarze Pumpe GmbH (FSP), a formaldehyde producer located in Spreetal/Spreewitz close to Dresden, Germany. "We are pleased to welcome FSP into the Dynea family. As FSP is the formaldehyde supplier t ... more
Dynea divests North American operations to strengthen position in developing markets
Dynea announced the divestment of its North American operations to Teachers' Private Capital, which is the private investment arm of the Ontario Teachers' Pension Plan. According to the company, Dynea North America is one of the three major producers of resins and overlays products to the i ... more
Dynea increases resins production in Russia
Dynea Chemicals Oy's Russian joint-venture, ZAO MetaDynea, has started production of phenolic resins at its plant in Gubakha in the Perm region of Russia. Phenolic resins are used as binders in mineral wool and in manufacturing plywood. The phenolic resins capacity of the plant is about 50, ... more
Dynea Austria is part of the global company Dynea, the market leader in creating high value adhesion and surfacing solutions for the wood working industry and industrial applications. At the Austrian site in Krems important R&D and Tech Service competence centers are located, providing know ... more
