Focus on bonding and surfacing: Dynea divests Krems Chemie Chemicals Services GmbH

06-Mar-2002

March 5, 2002

Dynea Oy, the parent company of Dynea International Oy, has sold the entire share capital in Krems Chemie Chemicals Services GmbH, a custom manufacturing business located in Krems, Austria, to Gerald Moser GmbH and Co KG. The transaction was closed on March 4, 2002.

KCCS GmbH offers a broad range of equipment and technologies for customised manufacturing and a steadily increasing range of components and intermediates, especially for the flavour and fragrance industry, but also used as cosmetic and pharmaceutical intermediates. At its multi-purpose, state-of the-art facilities, KCCS GmbH concentrates not only on traditional batch processes but also on continuous, catalytic processes and fractionation. KCCS had net sales of EUR 13 million in 2001 and employs 62 people. For more information, please visit www.kccs.at.

Gerald Moser GmbH and CoKG is a joint company between Gerald Moser, the current managing director of KCCS, and MFAG Mittelstandsfinanzierungs Aktiengesellschaft, a leading Austrian investment fund.

"This new ownership constellation brings us in the position of a core business and will foster the development of KCCS," says Gerald Moser, Managing Director of KCCS.

Dynea has been systematically developing its business portfolio and focusing on its core competence areas, bonding and surfacing solutions. “This divestment is in line with Dynea’s aim to become a global leader in selected adhesives and surfacing markets,” says Kyösti Sysiö, Executive Vice President, Corporate Development, M&A, Dynea Oy.

https://www.chemeurope.com/en/news/9103/focus-on-bonding-and-surfacing-dynea-divests-krems-chemie-chemicals-services-gmbh.html