Kemira: Alcro-Beckers to sell its stake in Scanspac to the gypsum activity of Saint-Gobain
Alcro-Beckers AB, part of Kemira's paints and coatings business, has signed an agreement to sell its 50% stake in the Swedish filler producer Scanspac to Gyproc AB, part of the Gypsum Activity of Saint-Gobain. Revenue of Scanspac's operations totaled approximately SEK 241 (EUR 26) million in 2006. The parties have agreed on not disclosing any financials details.
"This divestment is a perfect strategic fit for all parties," says Niklas Frisk, Managing Director of Alcro-Beckers AB. "With Scanspac becoming part of a large corporation, which specializes in fillers and similar materials, we can now focus our efforts on paint manufacturing only and on concentrating operations in our new plant at Nykvarn."
Scanspac is currently owned 50/50 by Alcro-Beckers AB, a subsidiary of Tikkurila Oy, and maxit Group.
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