AarhusKarlshamn: AAK Acquire the Business Unit Deinking Chemicals from Ciba Specialty Chemicals Oy in Finland.STOCKHOLM, Sweden -- Regulatory News: The AAK AAK Aleanca për Ardhmërinë e Kosovës (Albanian: Alliance for the Future of Kosovo) AAK Ausschuß Aachener Karneval (Carnival of Aachen Committee, Germany) AAK Asleep At the Keyboard AAK Alive and Kickin' (STO:KAB kab n. Variant of cab2. ) Business Area Technical Products & Feed acquire the business unit Deinking Chemicals from Ciba Specialty Chemicals “Ciba” redirects here. For the pre-1971 company, see Novartis. Ciba Specialty Chemicals is a chemical company based in and near Basel, Switzerland. It was formed as the non-pharmaceuticals elements of Novartis were spun out in 1997, following the merger in the Oy in Finland. Chemicals for deinking (the removal of ink from recycled paper) are based on special fatty acids, and the acquisition is an important strategic step forward in the value chain for AAK's Business Sector Tefac (fatty acids). The business unit Deinking Chemicals has a turnover of MSEK MSEK Meyer, Suozzi, English & Klein (New York law firm) MSEK Million Swedish Kroner 25. Operations will be moved to AAK's plant in Karlshamn - a move that will offer advantages in both transportation and cost. Special fatty acids for deinking are used in the paper industry when recycled paper is part of the production. This is a growing market in the paper industry. The growth in special fatty acids for de-inking is expected to increase globally, and in Central and Eastern Europe The term "Central and Eastern Europe" came into wide spread use, replacing "Eastern bloc", to describe former Communist countries in Europe, after the collapse of the Iron Curtain in 1989/90. this growth is estimated to more than 10% in the coming years. - The acquisition will strengthen our market position in the segment for the de-inking of recycled paper. It is an important step forward in the value chain and is part of our focus on speciality products, says Magnus Jorsmo, President of Business Area Technical Products & Feed. - We strive towards obtaining an increasing share of speciality products throughout the AAK Group, and with the acquisition of Deinking Chemicals we have taken an important step in that direction, says Jerker Hartwall, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. and President of AAK. The acquisition will produce a positive financial result during 2008. Completion of the transaction is intended to occur as per 31 October 2007. AarhusKarlshamn is the world's leading producer of high value-added speciality vegetable fats. These fats are characterized by a high technological content and are used as substitute for butter-fat and cocoa butter cocoa butter n. A yellowish-white fatty solid obtained from cacao seeds and used as an ingredient in cosmetics, tanning oils, chocolate, and soap. Also called cacao butter. , transfree solutions for fillings in chocolate and confectionery products, and in the cosmetics industry. AarhusKarlshamn has production facilities in Denmark, Mexico, the Netherlands, Sweden, Great Britain Great Britain, officially United Kingdom of Great Britain and Northern Ireland, constitutional monarchy (2005 est. pop. 60,441,000), 94,226 sq mi (244,044 sq km), on the British Isles, off W Europe. The country is often referred to simply as Britain. , Uruguay and the US. The company is organised in three Business Areas; Chocolate and Confectionery Fats, Food Ingredients and Technical Products & Feed. Further information on AarhusKarlshamn can be found on the company's website www.aak.com. This information was brought to you by Cision http://newsroom.cision.com |
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