Kemira sells its paper whitening agents business
June 23 2010 Kemira and the German company Catec GmbH have signed a contract, according to which Kemira sells its global fluorescent whitening agents (FWA) business to Catec.
The deal between Kemira and Catec covers Kemira's FWA production plant in Leverkusen, Germany, Kemira's global FWA sales network, and 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. This is expected to take place in August.Catec GmbH is financially supported by Fengler Beteiligungs GmbH for the aqcuisition.Fluorescent whitening agents improve the whiteness and brightness of paper.
