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Kemira sold Biolchim to Italian investors

Published on 2006-04-11. Author : SpecialChem

Kemira Oyj has sold its holding (50%) in Biolchim Spa to a financial investor group led by the Italian private equity fund San Paolo IMI. In accordance with its strategy, Kemira concentrates on four core business areas: pulp and paper chemicals, water treatment chemicals, performance chemicals and paints. Biolchim's business is in water-soluble fertilizers, which does not belong to these core areas.

Biolchim is one of the leading manufacturers and sellers of water-soluble specialty fertilizers for professional growers of specialty crops in Italy. Biolchim has also strong export activity. Its production plants are located in Medecina near Bologna in Northern Italy. The company's turnover in 2005 was about 27 million euros and it had a staff of 69.

Source: Kemira Oyj

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