Kemira Acquires Soto Industries of Charlotte, N.C.
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Kemira Oyj, Finland, has acquired certain assets of Soto Industries LLC, a privately owned company, headquartered in Charlotte, N.C., USA. Soto specializes in the application of scale control products, defoamers, and settling agents for the pulp and paper industry.
"The Soto Industries acquisition is another example of Kemira's dedication to the pulp and paper industry as well as Kemira's commitment to execute our global growth strategy via continued investment into our paper segment," said Billy Ford, SVP, paper segment, Americas.
The transaction does not have material impact on Kemira's financial figures and the parties have agreed not to disclose the transaction price.
