Kemira announces closing of the divestment of most of its colorants business to ChromaScape
Kemira Oyj, press release, May 5 at 9.00 am (EEST)
Kemira announces closing of the divestment of most of its colorants business to ChromaScape
Kemira announces the closing of the divestment of most of its colorants business to ChromaScape on May 4, 2023.
Kemira signed a definitive agreement to sell its colorants dye business to US-based ChromaScape, LLC in September 2022. The revenue of the business in 2022 was approximately 50 MEUR and 59 employees will be transferred to ChromaScape as part of the transaction. Scope includes also one Kemira manufacturing site at Goose Creek, Bushy Park in South Carolina. Kemira will keep its APAC-related colorants business.
Kemira’s colorants include basic and direct dyes, organic pigments, and special colorants used in numerous paper and packaging applications such as tissue, cardboard, newspaper, and high-end packaging solutions for jewelry, cosmetics, and foodstuffs.
For more information please contact:
Kemira Oyj
Antti Matula, Senior Vice President, Global Product Lines & Business Development
Tel. +358 50 570 3576
Kemira Oyj
Terhi Kivinen, Chief Communications Officer
Tel. +358 40 8484001
Kemira is a global leader in sustainable chemical solutions for water-intensive industries. We provide the best-suited products and services to improve our customers’ product quality, process, and resource efficiency. Our focus is on pulp & paper, water treatment, and energy sectors. In 2022, Kemira had annual revenue of around 3.6 billion and around 5,000 employees. Kemira shares are listed on the Nasdaq Helsinki Ltd.
www.kemira.com
ChromaScape, LLC is a specialty colorants and additives supplier who provides premium products for a variety of industries. ChromaScape has over 100 years of combined colorant industry experience which includes executive, strategic and operational management experience from entrepreneurial startups to Fortune 300 companies. It operates five manufacturing and distribution facilities throughout the United States.