AkzoNobel completes divestment of Paper Chemicals business

05-May-2015 - Netherlands

AkzoNobel has finalized the €153 million divestment of its global paper chemicals business to Kemira. The deal was first announced in July 2014.

"This is another important step in our strategy to focus on leading positions in bleaching chemicals, colloidal silica and expandable microspheres," says Niek Stapel, Managing Director Pulp and Performance Chemicals. "The deal includes an agreement for distribution of colloidal silica to the paper industry and we are looking forward to future growth of this product line."

AkzoNobel continues to have a strong presence in the pulp industry as the leading global supplier of chemicals and customized solutions for bleaching pulp, marketed under the Eka brand.

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