22 October 2014
DETAILS
is a non-consolidated joint venture
between AkzoNobel Pulp and Performance Chemicals and
Synthomer from Germany.
Based in Finland, it produces and sells
styrene-butadiene latex products
for the paper and board industry, mainly in Nordic countries.
AkzoNobel today announced
the €5 million divestment of its 50 percent share
in non-consolidated joint venture
Eka Synthomer Oy, to Synthomer.
The divestment of these shares follows
a strategic review of the businesses
within AkzoNobel's portfolio.
Niek Stapel
Managing Director of AkzoNobel's
Pulp and Performance Chemicals business
"Following an earlier announcement about
the intended divestment of
our Paper Chemicals activities to Kemira,
this deal completes our exit from the paper chemicals market.
"Divesting our holding in Eka Synthomer Oy
will now allow us to focus on our strong chemical platforms,
as well as our global leadership positions
in bleaching chemicals, colloidal silica, Kromasil and
expandable microspheres."
The Eka name will remain a core part of
AkzoNobel's Specialty Chemicals business.
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