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Dynea sells Finnish paper overlays business
Tuesday, 15 May 2012
Dynea Chemicals Oy has sold its paper overlays business and assets in Kitee, Finland to Surfactor Finland Oy on May 14, 2012.
A press release which report the deal and add that the Kitee plant
produces phenolic surface films and employs 36 persons who will
continue to work for the new owners. The turnover for Kitee in 2011 was
€ 17 million. Phenolic surface films (PSF) are resin impregnated
industrial overlays designed to improve the surface characteristics of
wood-based panels, used by the concrete formwork, transportation,
building construction and furniture industries.
“Dynea has been
systematically developing its business portfolio. This divestment is a
logical step in our strategy to focus on our core product and
application areas. I am convinced that Surfactor will be a good home
for our Kitee operation since the core business of Surfactor is paper
overlays,” says Hans Pettersson, President and CEO of Dynea to the
Surfactor Finland Oy is an affiliated company of Surfactor Germany
GmbH, a leading manufacturer of paper overlays for the world wide
plywood industry as well as the furniture, transport and construction
industries. The company turnover in 2011 was €49 million; with 136
By Scancomark.se team
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