# Artek US acquires Kemira's energy division for $280M, merges with Sterling Specialty Chemicals

Artek US, a Praana Group subsidiary, acquired the energy-related division from Kemira for approximately USD $280 million and merged it with Sterling Specialty Chemicals to form a larger global specialty chemicals business.

- Type: Acquisition
- Announced: 2024-02-06
- Where: United States
- Value: $280.0M
- Status: completed
- Products: specialty chemicals for energy industry
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [Kemira Oyj](https://endata.com/companies/16014.md) (target)
- [Praana Group](https://endata.com/companies/40082.md) (partner)
- [Sterling Specialty Chemicals](https://endata.com/companies/74193.md) (partner)
- [Artek US](https://endata.com/companies/75489.md) (acquirer)

## Sources

- [businesswire.com](https://www.businesswire.com/news/home/20240206606368/en/Artek-US-a-Praana-Group-Company-Acquires-Energy-Division-from-Kemira-to-Form-Strategic-Merger-with-Sterling-Specialty-Chemicals), 2024-02-06: "Artek US, a leading player in the global specialty chemicals industry and a subsidiary of the Praana Group, has successfully acquired the energy-related division from Kemira, for approximately USD $280 million to form merger with Sterling Specialty Chemicals."

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