M&A Deal Summary

Kemira Acquires Akzo Nobel - Industrial Liquid Coatings Business

On December 23, 2003, Kemira acquired chemicals company Akzo Nobel - Industrial Liquid Coatings Business from Akzo Nobel

Acquisition Highlights
  • This is Kemira’s 1st transaction in the Chemicals sector.
  • This is Kemira’s 1st transaction in Hungary.

M&A Deal Summary
Date 2003-12-23
Target Akzo Nobel - Industrial Liquid Coatings Business
Sector Chemicals
Buyer(s) Kemira
Sellers(s) Akzo Nobel
Deal Type Divestiture

Target

Akzo Nobel - Industrial Liquid Coatings Business

Hungary
Akzo Nobel - Industrial Liquid Coatings are used to protect various manufactured products such as construction machinery and electrical supply equipment.

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Buyer(S) 1

Buyer

Kemira

Helsinki, Finland
Category Company
Founded 1920
Sector Chemicals
Employees49,690
Revenue 3.4B EUR (2023)
DESCRIPTION

Kemira is a chemical industry group that Consists of three main segments. Kemira's main shareholder is Oras Invest Oy and its owners, members of the Paasikivi family. Kemira was founded in 1920 and is based in Helsinki, Finland.

DEAL STATS #
Overall 1 of 19
Sector (Chemicals) 1 of 13
Type (Divestiture) 1 of 8
Country (Hungary) 1 of 1
Year (2003) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2004-06-18 Belinka - Water Treatment Business

Slovenia

Belinka - Water Treatment Business engages in production of both solid and liquid Aluminium sulphate in the area. In addition the company is also producing a dried Al hydroxide used for flame retardants and fillers in plastic products.

Buy -

Seller(S) 1

SELLER

Akzo Nobel

Amsterdam, Netherlands
Category Company
Founded 1646
Sector Chemicals
Employees35,700
Revenue 10.7B EUR (2023)
DESCRIPTION

Akzo Nobel is a producer of decorative paints, performance coatings and specialty chemicals. Akzo Nobel was founded in 1646 and is based in Amsterdam, the Netherlands.

DEAL STATS #
Overall 2 of 16
Sector (Chemicals) 1 of 9
Type (Divestiture) 2 of 14
Country (Hungary) 1 of 1
Year (2003) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2001-01-01 Organon Teknika

Netherlands

Organon Teknika is a provider in HIV screening and viral load measurement.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2004-04-19 Akzo Nobel - Catalysts Business

Amsterdam, Netherlands

Akzo's Catalysts business is a producer of petroleum refining catalysts. Production sites for FCC and HPC catalysts are in Amsterdam (The Netherlands) and Pasadena (Texas, United States). Chemical Processing Catalysts (CPC) are produced in Amsterdam.

Sell €625M
Mergr

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