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| Kemira expands its water treatment chemicals business in Scandinavia |
Kemira expands its water treatment chemicals business in Scandinavia
09/22/2006 - Kemira has signed an agreement to acquire four wholly owned subsidiaries of Parcon A/S: Gropa A/S, Roma A/S, Scantank A/S and SPS A/S. Parcon A/S is a Danish company established in 1980.The revenue of the acquired companies totaled to EUR 21 million in 2005 with 37 people employed. The agreement is subject to the approval of the competition authorities.
According to Kemira, the acquired Parcon companies have a strong sales and distribution network in Denmark, offering process chemicals and services mainly for water treatment and surface cleaning applications to a large number of industrial customers, retailers and households. Main products include caustic soda, hydrochloric acid, sulphuric acid, hypochlorite, ferric chloride, water glass and ethanol/methanol with a total volume of 80.000 tons in 2005 imported and distributed through strategically located sea terminals and processing lines for small packaging and specialty formulations.
By combining the assets and position of the Parcon companies with Kemira's expertise in water treatment and wide range of base and specialty chemicals, the acquisition shall provide strong synergies to further broaden offerings to industrial and municipal customers and to improve supply chain cost efficiency in Denmark and Southern Scandinavia. |
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