Follow us on Twitter Follow us on LinkedIn Like us on Facebook Follow us on Instagram Visit the TPC Store
Search the site




Coatings Industry News

Main News Page

AkzoNobel Cuts Paper Chemicals

Wednesday, May 6, 2015

Comment | More

AMSTERDAM—AkzoNobel has finalized a €153 million ($170.4 million USD) divestment of its paper chemicals business to Kemira Oyj, the Netherlands-based company announced Monday (May 4).

Kemira is a Finnish global chemicals company with a focus on pulp and paper, oil and gas, mining and water treatment.

Paper Chemicals is part of the AkzoNobel's Pulp and Performance Chemicals business, a division of Specialty Chemicals.

AkzoNobel paper divestment
Screen grab via Kemira

AkzoNobel has finalized a €153 million ($170.4 million USD) divestment of its paper chemicals business to Kemira Oyj.

The deal was first announced in July 2014.

Paper Portfolio

"This is another step in our strategy to focus on leading positions in bleaching chemicals, colloidal silica and expandable microspheres," said Niek Stapel, managing director of the Pulp and Performance Chemicals business.

According to Stapel, the deal includes an agreement for distribution of colloidal silica to the paper industry.

The Pulp and Performance Chemicals portfolio includes products and technologies used in a variety of other applications, marketed under brands including Bindzil, Expancel, Kromasil and Levasil.

Pulp and Performance Chemicals saw a 12 percent increase in revenue year-over-year for the first quarter of 2015, reaching €273 million.

Overall revenue for the business was €1.009 billion in 2014, down from €1.036 billion in 2013 and €1.153 billion in 2012.

Paper Chemicals generated annual revenue of €243 million in 2013, according to AkzoNobel.

6 Sites, 350 Workers

Six of AkzoNobel's paper chemicals manufacturing sites and about 350 employees will be transferred to Kemira, which will also increase the production capacity of its own paper chemical manufacturing sites.

The production sites being transferred are in South Korea, Thailand, Indonesia, Australia, Spain and Italy.

The intregration period of the transaction is expected to last about two years and result in €15 million net synergies on an annualized basis.

"This acquisition strengthens our market position, especially in the growing APAC region," said Jari Rosendal, Kemira's president and CEO.

The acquisition is expected to increase revenue by more than €200 million on an annualized basis as of the completion date, according to Kemira.


Tagged categories: Acquisitions; AkzoNobel; Business operations; Finance; Pulp and Paper Plants

Comment Join the Conversation:

Sign in to our community to add your comments.

Jotun Paints Inc.
Jotun Jotachar 1709
Mesh-free passive fire protection epoxy designed to protect against hydrocarbon pool fire scenarios for up to four hours as defined in the ANSI/UL1709 standard.

Carboline Company
Carboline launches new website!
The completely revamped website, offers quick and easy access to essential product information and is now mobile-friendly.

Industrial Vacuum Equipment Corp.
Hurricane Vacuums
& Dust Collectors
Vacuum and dust collector hose, filters and related accessories.

SABRE Autonomous Solutions
Removing blasting operators from harmful environments is our key objective.

New resins from BASF will have metals loving water!
Excellent corrosion resistance, low VOC, high gloss, thin films 800-231-7868

HoldTight Solutions Inc.
Full Surface Protection for Up to One Year
HT 365 is a preservation, single component, anti-corrosive coating, a water displacing agent, a lubricant, and a penetrating fluid. It creates an imperceptible thin-film coating that offers excellent salt contaminant and humidity protection. Contact your HoldTight® representative or visit for more information.

Tarps manufacturing, Inc.
QUALITY MADE IN AMERICA —Available near you!
CLICK to get a behind-the-scenes look at how Tarps Manufacturing makes the highest-quality tarps right here in the USA — available nationwide.

Mitsubishi Gas Chemical America
Performance Amine 1,3-BAC
A highly reactive cycloaliphatic diamine offering superior performance. Reasonable cost and curing efficacy makes it suitable for all types of epoxy resin applications.

SAFE Systems, Inc.
SAFE Systems'
Blast Lights &
Deadman Switches
Halogen or LED blast lights available with our NEW urethane bumper. Switches available in many colors for color coding your hoses.

Fischer Technology Inc.
DUALSCOPE®FMP100 with DataCenter IP
Transfer customized inspection plans from PC to FMP100 using step-by-step guidance with prompts and pictures throughout the measurement procedure


Technology Publishing Co., 1501 Reedsdale Street, Suite 2008, Pittsburgh, PA 15233

TEL 1-412-431-8300  • FAX  1-412-431-5428  •  EMAIL

The Technology Publishing Network

Durability + Design PaintSquare the Journal of Protective Coatings & Linings Paint BidTracker

EXPLORE:      JPCL   |   PaintSquare News   |   Interact   |   Buying Guides   |   Webinars   |   Resources   |   Classifieds
REGISTER AND SUBSCRIBE:      Free PaintSquare Registration   |   Subscribe to JPCL   |   Subscribe to PaintSquare News
MORE:      About   |   Privacy Policy (Updated 5/24/2018)   |   Terms & Conditions   |   Support   |   Site Map   |   Search   |   Contact Us