Kemira will acquire BASF’s global alkyl ketene dimer emulsion business

Kemira to acquire BASF’s global alkyl ketene dimer emulsion business

9:11 AM, 28th February 2014
Kemira will acquire BASF’s global emulsion business

LUDWIGSHAFEN, GERMANY/HELSINKI, FINLAND: Kemira will acquire BASF’s global alkyl ketene dimer (AKD) emulsion business. The transaction is expected to close in the first half of 2014. The financial details of the agreement was not disclosed. With this transaction, BASF will further optimize its paper chemicals portfolio in order to focus on customer-oriented products and solutions to improve the efficiency of paper machines and lower the total cost of operation.

“Kemira is a global leader in paper and pulp chemistry and the leading supplier of sizing products for the paper industry. This acquisition of the AKD emulsion business is one part in implementing our strategy and will further strengthen our possibilities to serve our Paper customers especially on the continental European market,” said Kenneth Nysten, Senior Vice President, Regional Business Unit Paper for Europe, the Middle East and Africa, Kemira.

 

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