Dynea Sells Dutch Unit to Management

Dynea Nederland Holding (Groningen, Netherlands) has sold its Dynea BV subsidiary to ChemCom Investments (Groningen), a legal entity formed by former and current members of the Dynea BV management. Financial details were not disclosed. Dynea BV operates a resins plant at Delfzijl, Netherlands; the 35 employees will transfer to the new enterprise. The plant produces 70,000 m.t./year of formaldehyde and about 130,000 m.t./year of formaldehyde resins, used mainly in the manufacture of composite boards. The plant also produces adhesives for interior wood products and...

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