Kemira Closes Acquisition of BASF Global AKD Emulsion Business
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Kemira Oyj, Finland, this week closed its acquisition of BASF's global AKD emulsion business announced in February. AKD is an alkyl ketene dimer based sizing agent that impacts paper and board hydrophobicity or water resistance. The acquisition strengthens Kemira's position in offering sizing products for the paper industry, especially on the continental European market.
The parties agreed not to disclose financial details of the agreement.
