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Kemira sells ChemSolutions' food and pharma business to Niacet for €82 million

12:27 PM MST | December 14, 2012 | Natasha Alperowicz

Kemira signed an agreement today to sell its food and pharmaceutical businesses together with its acetate-based chemicals operation to Niacet (Niagara Falls, NY). These businesses form part of Kemira's ChemSolutions segment. All shares of Kemira ChemSolutions, including the manufacturing site at Tiel, Netherlands, will be transferred from Kemira to Niacet. Other businesses within ChemSolutions, including the chemical, feed, and de-icing businesses, which are linked to Kemira's formic acid production at Oulu, Finland, will remain with Kemira.    The...

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