IHS Chemical Week

Regions :: Western Europe :: Finland

Kemira Paints Inks Two Deals

1:12 PM MDT | August 29, 2007 |

Kerri Walsh

Kemira’s Tikkurila unit says its Alcro-Beckers paints business has agreed to sell its 50% stake in Scanspac, a Swedish filler producer, to Gypsum Activity of Saint-Gobain (Courbevoie, France). Financial terms of the deal were not disclosed. Scanspac reported sales of €26 million ($35 million) last year, and says it is the leading filler producer in the Nordic region with production units at Glanshammar and Sala, Sweden. Alcro-Beckers produces architectural paint, and controls more than 40% of that market in Sweden. Separately, Tikkurila says it will...

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