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Kemira to acquire AkzoNobel’s paper chemicals business for €153 million

8:49 AM MDT | July 8, 2014 | Deepti Ramesh

AkzoNobel and Kemira today announced that Kemira has preliminarily agreed to acquire AkzoNobel's global paper chemicals business for €153 million ($208 million). AkzoNobel's paper chemicals business, which is part of the company’s pulp and performance chemicals unit, generated sales of €243 million in 2013. The paper chemicals business includes products for retention and sizing, as well as other paper chemicals, including wet-strength and coating products. Operative Ebitda for the business was €23 million in 2013. The intended sale of paper...

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