# 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.

- Type: Acquisition
- Announced: 2023-12-04
- Where: Mobile, Columbus, Aberdeen (US); Teesport (UK), United States
- Jobs: -250
- Status: announced
- Products: oil and gas chemicals
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [Kemira Oyj](https://endata.com/companies/16014.md)
- [Sterling Specialty Chemicals](https://endata.com/companies/74193.md) (acquirer)
- [Artek Group](https://endata.com/companies/74194.md) (investor)

## Sources

- [kemira.com](https://www.kemira.com/news-and-stories/newsroom/releases/inside-information-kemira-divests-its-oil-gas-business/), 2023-12-04: "Kemira has signed an agreement to divest its Oil & Gas-related portfolio to Sterling Specialty Chemicals LLC."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.