Water & Chemicals
Kemira to sell most of its colourants business to ChromaScape
September 14, 2022 By P&PC Staff
Kemira has signed a definitive agreement to sell its colourants dye business to U.S.-based ChromaScape. In 2021, the business generated approximately 50 million EUR. Kemira will keep its APAC-related colourants business.
“We are very happy to see that our strategic objective to streamline Kemira’s portfolio is reaching the next milestone. Chromascape has shown ways to take colourants platform to new heights and thus secures further value creation for our joint customer base. We are excited to continue collaboration with the new owner of our colourants business after closing,” says Antti Matula, senior vice-president of global product lines and business development at Kemira.
Kemira expects the transaction to close by the first quarter of 2023. During the transition, 67 employees will be transferred to ChromaScape. In addition, the scope of the transaction includes Kemira’s manufacturing site at Goose Creek, Bushy Park in South Carolina.
“This agreement allows us to expand our already strong position in the paper dye market. We welcome the experienced Kemira staff to our team and are excited to add the high-quality production facility at Goose Creek to our manufacturing footprint. We look forward to our collaboration with Kemira going forward,” says Seth Tomasch, CEO of ChromaScape.
Kemira’s colourants include basic and direct dyes, organic pigments and special colourants used in numerous different paper and packaging applications such as tissue, cardboard, newspaper and high-end packaging solutions for jewelry, cosmetics and food.
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