AkzoNobel’s Pulp and Performance Chemicals business (formerly Eka Chemicals), today announced that it plans to divest the European ASA business, including the production facility in Düren, Germany, to Mare Holding SpA.
The companies have agreed a target completion date for the transaction as year-end 2012. As a core product area for Mare, both the ongoing and future quality of current products and service to the European market is assured, and a smooth transition will occur to the new owner.
The planned divestment is in line with AkzoNobel Pulp and Performance Chemicals new strategy launched earlier this year. AkzoNobel Pulp and Performance Chemicals continues to have a strong manufacturing presence in Germany.
