Kemira Buys Vulcan Materials Pulp, Paper Ops For $44 Mln

Kemira Oyj (Y.KMR) said Monday that it will buy the North American-based pulp and paper chemicals business from Vulcan Materials Company. The sales value of the business is $80 million and the price of the deal is $44 million. The acquisition will be done through Kemira's wholly owned subsidiary Kemira Chemicals, Inc. The number of Kemira personnel will increase by approximately 200 people. Included in the transaction are plants in Columbus, Georgia; Shreveport, Louisiana and in Vancouver, British Columbia. The R&D Center in Columbus, GA is also part of the transaction. The product lines manufactured at these plants include emulsion polymers, defoamers, wet and dry strength resins and a variety of custom manufactured products.