Kemira Oyj to acquire 3F Chimica S.p.A., Italy
(Thomson Reuters ONE) -
Kemira Oyj
Stock exchange release
July 1, 2013 at 11.30 am (CET+1)
Kemira has signed an agreement to acquire 3F Chimica S.p.A. ("3F"), a privately
owned company, headquartered in Sandrigo, Italy, excluding a certain part of
their assets in the US, for EUR 85 million. The acquisition is subject to
fulfillment of certain conditions and closing of the transaction is expected in
the fourth quarter of 2013.
3F produces dry and emulsion polyacrylamide polymers and related process
chemicals. Their polymer production is supported by backward integrated key
intermediates, such as bio-acrylamide and cationic monomers. The acquisition
includes two manufacturing sites in Italy (San Giorgio and Sandrigo) and one
manufacturing site in USA (Aberdeen, Mississippi). 3F products are used in
retention and drainage in paper production, in drilling, extraction and
stimulation in the oil & gas industry, in production optimization in the mining
industry as well as in wastewater treatment and sludge dewatering. In 2013,
revenues of 3F are expected to be approximately EUR 75 million.
"The acquisition of 3F accelerates our strategic plan and secures our position
as a leading global polymer producer. It also supports Kemira's future growth by
providing additional polymer capacity and by enabling us to close technology
gaps in monomer and polymer production in Europe and the US. Polymers are
forecasted to grow above-the-market and are highly synergistic with Kemira's
other differentiated process chemicals. Besides the strong strategic fit, the
transaction is expected to result in substantial synergies through raw material,
logistics and fixed cost savings," says Randy Owens, President, Oil & Mining and
Region Head, North America.
"This transaction will allow production, technology and commercial synergies in
the market using production capacity of 3F Chimica Group plants and allows
Kemira to reach a leading position in the applications of paper, oil & gas,
mining and waste water treatment", says Roberto Toniolo, President, 3F Chimica
S.p.A.
For more information, please contact
Kemira Oyj
Randy Owens, President, Oil & Mining segment
Tel. +1 770 436 1542
Matti Lapinleimu, VP, Mergers & Acquisitions
Tel. +358 10 862 1786
Tero Huovinen, Director, Investor Relations
Tel. +358 10 862 1980
Kemira is a global chemicals company serving customers in water-intensive
industries. We provide expertise and chemicals that improve our customers'
water, energy and raw material efficiency. Our focus is on pulp & paper, oil &
gas, mining and water treatment. In 2012, Kemira had annual revenue of EUR 2.2
billion and around 4,900 employees. Kemira shares are listed on the NASDAQ OMX
Helsinki Ltd.
www.kemira.com
Link to the release (Pdf):
http://hugin.info/3008/R/1713094/568601.pdf
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Source: Kemira Oyj via Thomson Reuters ONE
[HUG#1713094]
Unternehmensinformation / Kurzprofil:
Datum: 01.07.2013 - 10:32 Uhr
Sprache: Deutsch
News-ID 274638
Anzahl Zeichen: 3718
contact information:
Town:
Helsinki
Kategorie:
Business News
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