Dynea acquires the formaldehyde business of Formaldehydwerk Schwarze Pumpe GmbH

Jun 13, 2007. /Lesprom Network/. Dynea has acquired the formaldehyde assets and manufacturing operations of Formaldehydwerk Schwarze Pumpe GmbH (FSP), a formaldehyde producer located in Spreetal/Spreewitz close to Dresden, Germany. “We are pleased to welcome FSP into the Dynea family. As FSP is the formaldehyde supplier to our resins plants in Erkner, Germany and Trzemeszno, Poland, this acquisition secures the continued supply to these key sites, as well as gives Dynea opportunities to develop our formaldehyde sales to external customers within the locality of FSP,” says Roger Carlstedt, president and CEO of Dynea. FSP produces 16 000 tonnes of formaldehyde (100%) annually and employs 12 persons. The plant, which uses Dynea’s formaldehyde technology, began operating in 2001. The plant will operationally be closely integrated with Dynea Erkner GmbH. Dynea is an international provider of superior adhesion and surfacing solutions. Dynea has revenues of Euro 1.2 billion. With 52 production units in 26 countries in Europe, the Americas and Asia Pacific, Dynea has some 3 000 employees. Dynea is in the process of divesting its operations in North America.