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Dynea sells its Asia/Pacific business to Japanese polymers group AICA

9:00 AM MDT | October 12, 2012 | Natasha Alperowicz

Dynea Chemicals (Helsinki), a leading global supplier of adhesives and surface solutions, today announced it has agreed to sell its Asian division, Dynea Asia/Pacific, to AICA Kogyo (Aichi, Japan), a leading Asian polymer chemistry company, for €150 million ($194.7 million), in cash on a debt-free basis. Dynea says that the sale of the Asian operations fits in with its strategy of concentrating resources in its European business and, in particular, its phenolic resin activities. Dynea is owned by IK Funds, which are advised by IK Investment Partners, a...

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