Niacet acquires ChemSolutions business from Kemira

The Valence Group have advised Niacet Corporation on the acquisition of Kemira Oyj’s food and pharmaceutical businesses, which, together with its acetate-based chemicals business, form part of Kemira’s ChemSolutions business segment.  All shares of Kemira ChemSolutions BV, including the manufacturing site in Tiel, the Netherlands, will be transferred from Kemira to Niacet.  Other businesses within ChemSolutions, including the chemical, feed and de-icing businesses linked to Kemira’s formic acid production in Oulu, Finland, will remain with Kemira.