Source: Business Wire
Tuesday, December 18, 2012 10:52 AM IST (05:22 AM GMT)
Editors: General: Consumer interest, Economy, Environment; Business: Accounting & management consultancy services, Agriculture, Banking & financial services, Business services, Energy companies, Financial Analyst, Healthcare, biotechnology & pharmaceutical, Mining companies, Retailers, Textiles; Automotive; Healthcare
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(BW)(VALENCE-GROUP)The Valence Group Advises Niacet on its Acquisition of ChemSolutions' Food and Pharmaceutical Businesses from Kemira
New York, United States, Tuesday, December 18, 2012 -- (Business Wire India) --
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.
About Niacet
Niacet is a family-owned business based in Niagara Falls, NY, producing propionates, acetates, MCAA and other emulsifiers focused on food and pharmaceutical end markets.
About Kemira
Kemira is a global water chemistry company offering water quality and quantity management to improve customers' energy, water and raw material efficiency. Kemira is publicly-listed in Finland and had sales in 2011 of ?2.2 billion.
About The Valence Group
The Valence Group is a specialist investment bank offering M&A advisory services exclusively to companies and investors in the chemicals, materials and related sectors. The Valence Group team includes a unique combination of professionals with backgrounds in investment banking, strategic consulting and senior management within the chemicals and materials industries, all focused exclusively on providing M&A advisory services to the chemicals and materials sector. The senior members of The Valence Group have collectively more than 350 years of experience, and have advised on more than 200 closed transactions valued cumulatively over $85 billion and spanning more than 80 different chemicals/materials subsectors. The firm's offices are located in New York, London and Shanghai.
CONTACT DETAILS
CONTACTS :
The Valence Group
Paul Lakind, 212-847-7339
plakind@valencegroup.com
KEYWORDS
CONSUMER, ECONOMY, ENVIRONMENT, CONSULTANCY SERVICES, AGRICULTURE, BANKING, BUSINESS SERVICES, ENERGY, Financial Analyst, HEALTHCARE, MINING, RETAIL, TEXTILES, AUTOMOTIVE, HEALTHCARE
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