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Kemira divests Oil & Gas business to Sterling Specialty Chemicals · Endata

◂ Announcements

Dec 4, 2023ACQUISITIONMobile, Columbus, Aberdeen (US); Teesport (UK), United States

Kemira divests Oil & Gas business to Sterling Specialty Chemicals

Kemira signed an agreement to divest its Oil & Gas-related portfolio to Sterling Specialty Chemicals LLC, a US subsidiary of Artek Group. The transaction includes manufacturing facilities in Mobile, Columbus, Aberdeen (US) and Teesport (UK), and approximately 250 employees will transfer. Revenue of the divested business was about EUR 430 million in 2022.

Jobs

-250

Status

Announced

Productsoil and gas chemicals

CompaniesKemira Oyj Sterling Specialty Chemicals acquirer Artek Group investor

Sectors#Specialty Chemicals

“Kemira has signed an agreement to divest its Oil & Gas-related portfolio to Sterling Specialty Chemicals LLC.”kemira.com

1 source
kemira.comInside information: Kemira divests its Oil & Gas business - KemiraDec 4, 2023

Summarized from public sources; check the original articles before acting on it.

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