AAK acquires de-inking chems business from Ciba

15 October 2007 12:05  [Source: ICIS news]

LONDON (ICIS news)--Aarhus Karlshamn (AAK) has acquired the de-inking chemicals business unit of Ciba Specialty Chemicals in Finland for an undisclosed sum, the Sweden-based specialty vegetable fats producer said on Monday.

 

The de-inking chemicals unit, with an annual turnover of Swedish krona (SKr) 25m ($4m/€3m), would be moved to AAK’s site in Karlshamn, Sweden, said AAK.

 

“The growth in special fatty acids for de-inking is expected to increase globally, and in central and eastern Europe this growth is estimated to be more than 10% in the coming years,” said AAK in a statement.

 

Specialty fatty acids are used in the paper industry where recycled output forms part of the production, it added.

 

(€1 = SKr9.11/$1 = SKr6.39)

 

By: Mark Watts
+44 20 8652 3214

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