Dynea announces the creation of a dedicated wood adhesives company for Europe

Dynea Oy (“Dynea”) announces the creation of a new company within Dynea, Dynea North, focusing on the speciality wood adhesives market in Europe.

Dynea North is a European market leader with a broad portfolio of adhesives for the wood processing industries. Dynea North has a broad chemistry basis, ranging from formaldehyde based resins to PU, EPI, PVAc, and hot melts. The company has been formed from Dynea activities in Norway, Denmark and Hungary and will in addition to its own sites, have toll production in Germany, Finland, the Netherlands, Austria and Italy. Dynea North is headquartered in Lillestrøm, Norway and has some 200 employees. In 2012 Dynea North sold approximately 210kt of products. The company commenced stand-alone activities at the beginning of 2013.

Commenting on the creation of Dynea North, Dynea CEO Hans Petterson said: “With the creation of Dynea North, Dynea has successfully split its activities into the Prefere Resins Company, focused on specialty phenolic products, and Dynea North focusing on specialty products for the wood working industry. This split is an important part of the total restructuring of the Dynea portfolio.  As a separate company, Dynea North will be able to focus exclusively on serving customers in the wood processing industry”.

Tarje Braaten, Managing Director of Dynea North said: “The formation of Dynea North is an exciting opportunity to create a new company, focused on the wood adhesives business. The Dynea North management team will build on Dynea’s strong position in the market and develop this further through a more dedicated and focused approach to our customers.”

For more information please contact:

Hans Pettersson
President and CEO, Dynea Oy
Telephone +358 10 585 2064
Email: hans.pettersson@dynea.com

Tarje Braaten
Managing Director , Dynea AS
Telephone +47 63 89 74 22
Email: tarje.braaten@dynea.com