AkzoNobel divests its European ASA business

AkzoNobel’s Pulp and Performance Chemicals business (formerly Eka Chemicals) and Mare Holding SpA, have signed an agreement whereby AkzoNobel’s European ASA business, including the production facility in Düren, Germany, will be acquired by Mare effective January 1, 2013.

“We are very pleased to close this deal with Mare,” says Lars Andersson, Director, Silica and Paper Chemicals. “We foresee a very smooth transition for our ASA customers, who will continue to receive the same high quality product and service in the future.”

“This acquisition provides us with a strong platform to further develop our paper chemical business in Europe and is a good fit with our existing product portfolio,” states Paolo Maganzini, President of Mare Holding SpA.

This agreement is in line with AkzoNobel Pulp and Performance Chemicals new strategy to focus and drive key product and application developments in silica, retention and polymers and thereby bring greater value to its customers.

The new owner will become a tenant of the AkzoNobel Industrial Park in Düren.