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Kemira sells coagulant business in Brazil to Bauminas Quimica

7:11 AM MST | November 29, 2013 | Natasha Alperowicz

Kemira and Bauminas Quimica signed a contract today for Kemira to sell its Brazilian iron and aluminium coagulant business to Bauminas. The deal includes coagulant business related assets, liabilities and personnel of Kemira WaterSolutions Brazil and shares of Nheel Quimica as well as its three coagulants manufacturing sites in Brazil based at Rio Claro, Araporti and Lages. Financial terms were not disclosed. The businesses have combined revenue of approximately €50 million ($68 million), mainly in Kemira's municipal & industrial segment. Its 193...

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