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Taminco completes acquisition of Kemira's formic acid business

9:23 AM MST | March 6, 2014 | Lindsay Frost

Taminco announced today it completed, 23 December 2013, the previously announced acquisition of Kemeria Oyj’s formic acid business, including the feed and the airport runway deicing product lines at Oulu, Finland, and approximately 160 employees, for $191.5 million. The business serves a number of markets, including animal nutrition, agriculture, water treatment, and energy. "This transaction is consistent with our strategy of making investments in niche businesses with attractive end markets and a high level of similarities with Taminco's core...

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