Soto pulp paper industry chemical supplier acquired by Kemira

Kemira acquires Canadian specialty chemicals supplier, Soto Industries

4:32 AM, 23rd September 2013
Kemira Acquires Soto Industries

HELSINKI, FINLAND: Kemira has signed an agreement to acquire Soto Industries Inc, a privately owned company, headquartered in Vancouver, Canada. Soto is a specialty chemicals and services supplier to the pulp and paper industry. The contract value of the transaction was not disclosed.

“This acquisition helps us accelerate our strategic plan and secures our position as a leading supplier to the pulp and paper industry in North America. It also supports Kemira’s objective of achieving above-the-market grow th in the mature markets. In addition to the strong strategic fit, the transaction is expected to result in synergies through raw material, logistics and fixed cost savings,” said Billy Ford, Senior Vice President, Paper segment, North America.

 

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