(Press Release)
Alcro-Beckers AB, part of Kemira’s paints and coatings business, has signed an agreement to sell its 50% stake in the Swedish filler producer Scanspac to Gyproc AB, part of the Gypsum Activity of Saint-Gobain. Revenue of Scanspac’s operations totaled approximately SEK 241 (EUR 26) million in 2006. The parties have agreed on not disclosing any financials details.
“This divestment is a perfect strategic fit for all parties,” says Niklas Frisk, Managing Director of Alcro-Beckers AB. “With Scanspac becoming part of a large corporation, which specializes in fillers and similar materials, we can now focus our efforts on paint manufacturing only and on concentrating operations in our new plant at Nykvarn.”
Scanspac is currently owned 50/50 by Alcro-Beckers AB, a subsidiary of Tikkurila Oy, and maxit Group. Scanspac is the leading filler producer in the Nordic area with production units in Glanshammar and Sala in Sweden.
The Gypsum Activity of Saint-Gobain is the world-leading producer of plasterboard systems and gypsum plasters, operating and selling in more than 50 countries, with sales of almost EUR 4 billion in 2006.
Kemira Coatings is the leading supplier of paints in Northern and Eastern Europe, providing consumers and professionals with branded products approximately in 40 countries. The product range consists of decorative paints and coatings for the woodworking and metal industries. In 2006, Kemira Coatings business area had revenue of EUR 563 million and a payroll of 3,500 employees.
For more information, please contact
Alcro-Beckers AB
Niklas Frisk, Managing Director
Phone +46 8 775 6070, mobile phone +46 70 637 5734
Kemira Coatings
Jukka Riihimäki, Group Vice President, Finance & IT
Phone +358 9 8577 2280, mobile phone +358 40 520 4008
Arja Schadewitz, Communications Manager
Phone +358 9 8577 2475
Kemira is a chemicals group made up of four business areas: Kemira Pulp&Paper, Kemira Water, Kemira Specialty and Kemira Coatings. Kemira is a global group of leading chemical businesses with a unique competitive position and a high degree of mutual synergy.
In 2006, Kemira recorded revenue of around EUR 2.5 billion and had a payroll of 9,000 employees. Kemira operates in 40 countries.