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Dynea divests Asia unit

8:23 AM MDT | October 26, 2012

Dynea Chemicals (Helsinki), a leading supplier of adhesives and surface solutions, has agreed to sell its Asian division, Dynea Asia/Pacific, to AICA Kogyo (Aichi, Japan), a leading polymer chemistry company, for €150 million ($195 million) in cash on a debt-free basis. Dynea says that the divestment fits with its strategy of concentrating resources in its European business and, in particular, its phenolic resin...

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