Kemira acquires Soto Industries Inc. of Vancouver, BC, Canada
(Thomson Reuters ONE) -
Kemira Oyj
Press Release
September 20, 2013 at 3.00 pm (CET+1)
Kemira has signed an agreement to acquire Soto Industries Inc, a privately owned
company, headquartered in Vancouver, Canada. Soto is a specialty chemicals and
services supplier to the pulp and paper industry.
Soto supplies a broad range of specialty chemicals including digester scale
control, silicone and oil-based defoamers, and polymers used in green liquor
clarification and effluent treatment for pulp and papermaking.
"This acquisition helps us accelerate our strategic plan and secures our
position as a leading supplier to the pulp and paper industry in North America.
It also supports Kemira's objective of achieving above-the-market growth in the
mature markets. In addition to the strong strategic fit, the transaction is
expected to result in synergies through raw material, logistics and fixed cost
savings." says Billy Ford, Senior Vice President, Paper segment, North America.
The transaction does not have material impact on Kemira's financial figures and
the parties have agreed not to disclose the transaction price.
For more information, please contact
Kemira Oyj
Billy Ford, Senior Vice President, Paper segment, North America
Tel. +1 770 436 1542
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:
http://hugin.info/3008/R/1730405/578314.pdf
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Source: Kemira Oyj via Thomson Reuters ONE
[HUG#1730405]
Unternehmensinformation / Kurzprofil:
Datum: 20.09.2013 - 14:00 Uhr
Sprache: Deutsch
News-ID 298734
Anzahl Zeichen: 2520
contact information:
Town:
Helsinki
Kategorie:
Business News
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"Kemira acquires Soto Industries Inc. of Vancouver, BC, Canada"
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