3F is now part of Kemira
We are pleased announce the closing of the acquisition of 3F Chimica S.p.A. by Kemira Oyj, effective October 1st. The acquisition includes the purchase of 3F Chimica Italian production sites and the US Aberdeen site.
Kemira is a global chemicals company serving customers in water-intensive industries. Kemira provides expertise and chemicals that improve customers' water, energy and raw material efficiency and focuses on pulp & paper, oil & gas, mining as well as water treatment. In 2012, Kemira had annual revenue of EUR 2.2 billion and around 4,900 employees. Kemira shares are listed on the NASDAQ OMX Helsinki Ltd.
"This transaction will allow production, technology and commercial synergies in the market using production capacity of 3F Chimica Group plants and allows Kemira to reach a leading position in the applications of paper, oil & gas, mining and waste water treatment", says Roberto Toniolo, the founder 3F Chimica S.p.A.
"The acquisition of 3F accelerates our strategic plan and secures our position as a leading global polymer producer. It also supports Kemira's future growth by providing additional polymer capacity and by enabling us to close technology gaps in monomer and polymer production in Europe and the US. Polymers are forecasted to grow above-the-market and are highly synergistic with Kemira's other differentiated process chemicals. Besides the strong strategic fit, the transaction is expected to result in substantial synergies through raw material, logistics and fixed cost savings," says Randy Owens, President, Oil & Mining and Region Head, North America.
Tuija Pohjolainen-Hiltunen has been appointed Managing Director of the new company Kemira 3f Chimica S.p.A. and the production company Kemira Italy S.p.A. (former Europolimeri S.p.A). Together with the management team she will be leading the integration process. The combined company will be even stronger partner for our customers around the world.
Read more about Kemira at www.kemira.com.
3F Chimica Group - leader in polymer manufacturing
Group 3F Chimica plants in Europe and the United States produce polymers and flocculants used in wastewater treatment and sludge dewatering and thickening.
3F Chimica products are also used in the following applications:
- Paper production, to improve retention and drainage;
- Oil and Gas industry, to facilitate drilling and extraction;
- Mining industry, to optimize production, increase plant efficiency, and to reduce water consumption and facilitate its reuse.
At 3F Chimica, the production of raw materials, including acrylamide and cationic monomers, is fully integrated. The Company manufactures anionic and cationic polymers, flocculants, organic coagulants, defoamers and dispersants.