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Kemira : Alcro-Beckers to sell its stake in SCANSPAC to the Gypsum activity of Saint-Gobain

Published on 2007-08-22. Author : SpecialChem

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 totalled approx. SEK 241 (EUR 26) million in 2006. The parties have agreed on not disclosing any financials details.

"This divestment is a perfect strategic fit for both us and Scanspac," says Niklas Frisk, Managing Director of Alcro-Beckers AB. "With Scanspac becoming part of a large corporation, which specialises in fillers and similar materials, we can now focus our efforts on paint manufacturing only and on concentrating operations in our new plant at Nykvarn."

Scanspac is currently owned 50/50 by Alcro-Beckers AB, a subsidiary of Tikkurila Oy, and maxit Group. Scanspac is the leading filler producer in the Nordic area with production units in Glanshammar and Sala in Sweden. Its customers are paint manufacturers, distributors and retailers who serve professional users and consumers. Scanspac's products are distributed under customers' brands and under its own brands of Dalapro, Gullspack and Breplasta. The Gypsum Activity of Saint-Gobain (formerly BPB plc) is the world-leading producer of plasterboard systems and gypsum plasters, operating and selling in more than 50 countries worldwide, with sales of almost EUR 4 billion in 2006.

Kemira Coatings (Tikkurila):

Kemira Coatings (Tikkurila) is the leading supplier of paints in Northern and Eastern Europe, providing consumers and professionals with branded products with approximately 40 countries. The product range consists of decorative paints and coatings for the woodworking and metal industries. In 2006, Kemira Coatings business area had net sales of EUR 563 million and a payroll of 3,500 employees.

Saint-Gobain:

Headquartered in France, Saint-Gobain is the biggest and most diversified building materials company worldwide, with 2006 sales of EUR 42 billion and employing more than 207,000 people. Its divisions include Flat Glass, Building Distribution, High Performance Materials, Packaging and Construction Products, which houses the Gypsum Activity.

Source: Kemira Coatings


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