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Kemira sells food, pharma assets to Niacet; accelerates one-off charges

10:29 AM MST | January 4, 2013 | —Natasha Alperowicz and Ian Young

Kemira has agreed 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. A manufacturing site at Tiel, Netherlands, will be transferred from Kemira ChemSolutions to Niacet, under the terms of the deal. 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. Büchele: Food and...

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