Kemira Sells Fluorescent Whitening Agents Business to German Catec

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Kemira Oyj, Finland, will sell its global Fluorescent Whitening Agents (FWAs) business to German Catec GmbH, financially supported by Fengler Beteiligungs GmbH. The deal covers a production plant in Leverkusen, Germany, the global FWA sales network, and the associated support functions. The FWA business and its staff of about 100 persons will be transferred to the new owner once the companies have closed the transaction in August. The parties agreed not to disclose the transaction price.

"Kemira is focusing according to its strategy on products and services that enhance the water quality and quantity management in the water intensive industries such as the pulp and paper industry. Exiting the FWA business is in line with our strategy to enhance the product lines that are common for all our segments and on which we are building our competitiveness," said Petri Helsky, head of Kemira's Paper segment.