Kemira acquires Albemarle’s facility in Teesport, UK
Kemira has closed a deal with Albemarle to acquire the legal entity located in Teesport, Middlesbrough, United Kingdom. The negotiations were completed on July 30, 2010. The site employs approximately 30 persons. The parties have agreed not to disclose the transaction price.
The main range of the Teesport products consists of corrosion inhibitors and drilling emulsifiers enhancing the Kemira product offering to the oil and gas industry in the region. “The acquisition strengthens our position in the region and will accelerate the introduction of Kemira’s water strategy,” says Randy Owens, President of Oil & Mining. “The Teesport location gives us advantages in geography, manufacturing flexibility and a dedicated operation, which is very much in line with our segment strategy to be close to our customers, provide immediate service and offer innovative technologies.”
Other news from the department business & finance
