Dynea closes divestment of its Asia Pacific operations
Helsinki, Finland –Dynea, a leading provider of adhesive and surface solutions, has today announced the closing of the sale of its Asian division, Dynea Asia Pacific (“Dynea AP”), to AICA Kogyo (“AICA”), a leading Asian polymer chemistry company based in Japan. The share transfers of Durante Dynea Adhesives (Shanghai) Co. Ltd and Dynea Malaysia Sdn Bhd are expected to be closed as soon as the necessary procedures by local authorities are completed. In a separate deal, Dynea Chemicals Oy has today sold its share in Dynea Australia Pty Ltd to Momentive Specialty Chemicals Pty Ltd.