Bauminas buys Kemira iron, aluminum coagulant business

Kemira sells Brazilian iron, aluminium coagulant business to Bauminas

9:39 AM, 2nd December 2013
Kemira sells iron, aluminum coagulant business

HELSINKI, FINLAND: Kemira sells its Brazilian iron and aluminium coagulant business to Bauminas. The deal includes coagulant business related assets, liabilities and personnel of Kemira WaterSolutions Brazil Ltda and shares of Nheel Quimica Ltda as well as its three coagulants manufacturing sites in Brazil (Rio Claro, Araporti and Lages). The price of the transaction was not disclosed.

“The divestment of our coagulant business in Brazil is well in line with our focus on profitability improvement and cash flow maximization in the Municipal & Industrial segment. Kemira’s strategy continues to be focused on those businesses and geographies, where we can achieve a sustainable competitive market position in combination with growth. Exiting the coagulants business in Brazil will further improve the EBIT margin in the Municipal & Industrial segment and will have a positive cash flow impact as well. Brazil will remain an important market for Kemira, especially for the chemicals used in the pulp and paper industry,” said Wolfgang Buchele, President and CEO, Kemira.

 

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