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KEMIRA ACQUIRES GERMAN COLLODIN'S PAPER CHEMICALS BUSINESS.

Europe Intelligence Wire

| June 12, 2003 | COPYRIGHT 2003 Financial Times Ltd. (Hide copyright information)Copyright

(From Hugin)

Kemira has signed an agreement to acquire the paper chemicals business of Klebstoffwerke Collodin Dr. Schultz & Nauth GmbH, located in Frankfurt, Germany. The acquired paper chemicals business represents sales of about EUR 3.5 million per year, mainly in Germany and France. The acquisition includes the transfer of manufacturing and application technology for rosin sizes - a significant part of the acquired business - and wet end chemicals to Kemira. The sales personnel from the paper chemicals business will transfer from Collodin to Kemira Chemie GmbH, located in Alzenau, Germany. Production of rosin sizes will be transferred to Kemira Chemie Ges.mbH in …

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