August 2, 2010 at 3.00 pm (CET+1)
Kemira has closed a deal with Albemarle to acquire the legal entity located in Teesport, Middlesbrough, United Kingdom. The negotiations were completed on July 30, 2010. The site employs approximately 30 persons. The parties have agreed not to disclose the transaction price.
The main range of the Teesport products consists of corrosion inhibitors and drilling emulsifiers enhancing the Kemira product offering to the oil and gas industry in the region. “The acquisition strengthens our position in the region and will accelerate the introduction of Kemira’s water strategy,” says Randy Owens, President of Kemira Oil & Mining. “The Teesport location gives us advantages in geography, manufacturing flexibility and a dedicated operation, which is very much in line with our segment strategy to be close to our customers, provide immediate service and offer innovative technologies.”
For more information, please contact
Randy Owens, President, Oil & Mining
Phone: +1 770 436 1542
Oil & Mining
Kemira’s Oil & Mining segment offers a large selection of groundbreaking chemical extraction and process solutions for the oil and mining industries, where water plays a central role. Utilizing Kemira’s expertise, our customers are able to improve their efficiency and productivity.
Kemira is a global two billion euro chemicals company that is focused on serving customers in water-intensive industries. The company offers water quality and quantity management that improves customers’ energy, water, and raw material efficiency. Kemira’s vision is to be a leading water chemistry company.