|
|
Article: Alcro-Beckers to sell its stake in Scanspac.(As We Go To Press)
- Article from:
- Coatings World
- Article date:
- September 1, 2007
CopyrightCOPYRIGHT 2007 Rodman Publishing. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
Alcro-Beckers AB, part of the Finnish Tikkurila that is responsible for Kemira's paints and coatings business, has signed an agreement to sell its 50% stake in the Swedish filler producer Scanspac to Gyproc AB, part of the Gypsum Activity of Saint-Gobain. Net sales of Scanspac's operations totaled approximately ?26 million in 2006.
"This divestment is a perfect strategic fit for both us and Scanspac," said Niklas Frisk, managing director of Alcro-Beckers AB. "With Scanspac becoming part of a large corporation, which specializes in fillers and similar materials, we can now focus our efforts on ...