Nov 01, 2012. /Lesprom Network/. AkzoNobel’s business unit Pulp and Performance Chemicals is selling the industrial company Permascand AB of Ljungaverk, Sweden. The new group of owners consists of three members of the company’s current management, the investment company Mittkapital and the government-owned venture capital company, Inlandsinnovation AB. The parties have agreed not to publish the purchase consideration, as the company said in a press release received by Lesprom Network. The parties have signed an agreement according to which the new owners will assume responsibility effective from November 1, 2012. All of the approximately 130 employees will retain their jobs within the company. “We are very happy that Permascand will be able to continue working towards the future with owners that have a strong grounding in both the company and the region,” says Niklas Larsson, Chairman of the Board of Permascand AB and member of the senior management team at AkzoNobel Pulp and Performance Chemicals. “We look forward to continuing to develop Permascand from the strong base established during its time within AkzoNobel. We will now be focusing on growth,” says Fredrik Herlitz, President of the company, who together with Lars Bohman and Jan-Olof Strömberg is part of the company’s new management team. Pulp and Performance Chemicals is a business unit within AkzoNobel.