Kemira Closes Deal for BASF's Global AKD Emulsion Business

May 6, 2014 (Press Release) - Kemira Oyj has on May 5, 2014 closed the acquisition of BASF's global AKD emulsion business announced on February 27, 2014. AKD is an alkyl ketene dimer based sizing agent, which impacts paper and board hydrophobicity or water resistance.

The acquisition strengthens Kemira's position in offering sizing products for the paper industry especially on the continental European market.

The parties have agreed not to disclose financial details of the agreement.

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SOURCE: Kemira