AkzoNobel signs agreement to acquire part of Kao Chemicals fatty amine business in Europe
AkzoNobel’s surface chemistry business has signed an agreement to acquire part of Kao Chemicals Europe S.L.’s fatty amine business in Europe. The agreement will be completed during the 4th quarter of 2008.
“This transaction is in line with our strategy to focus on core markets and optimize the use of our manufacturing capacity,” explained Tommy Öhlin, General Manager of AkzoNobel’s Surface Chemistry Europe business.
Unions and employee representative bodies have been informed and consultation procedures will begin shortly, where applicable. Regulatory approvals have been received from the relevant authority.
Surface Chemistry, a business unit of AkzoNobel, operates in 50 countries, employing over 1700 people. Headquartered in Chicago, IL, United States with regional marketing centers in Bridgewater, NJ, United States, Singapore and Stenungsund, Sweden, we are a leading supplier of specialty surfactants and synthetic and bio-polymers additives. Using a combination of chemical expertise, process technology and application know-how, we solve problems for a multitude of manufactures and formulators. We service a wide range of industries including agro, asphalt, cleaning, fabric care, mining, personal care, petroleum, and water treatment.
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