Niacet Taking Kemira
December 14, 2012
December 17/New York/Business Wire -- The Valence Group, a specialist M&A investment bank offering advisory services to companies and investors in the chemicals, materials and related sectors, has advised Niacet Corporation on its announced 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. The transaction is expected to close on January 31, 2013.