Kemira to Acquire BASF AKD Emulsion Business

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Kemira, Finland, will acquire BASF's (Germany) global alkyl ketene dimer (AKD) emulsion business. The deal is expected to close in the first half of this year. The parties agreed not to disclose financial details.

"In line with our recent announcement, we have evaluated all strategic options for the AKD emulsion business and found an excellent partner in Kemira who will ensure a smooth transition and uninterrupted supply of customers," said Andreas Tuerk, SVP, paper chemicals Europe

"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," noted Kenneth Nystén, SVP, regional business unit paper EMEA.

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