AkzoNobel recently announced it has finalized the €153 million (~ $170 million) divestment of its global paper chemicals business to Kemira. The deal was first announced in July 2014.

“This is another important step in our strategy to focus on leading positions in bleaching chemicals, colloidal silica and expandable microspheres,” said Niek Stapel, managing director for Pulp and Performance Chemicals. “The deal includes an agreement for distribution of colloidal silica to the paper industry, and we are looking forward to future growth of this product line.”

For more information, visit www.akzonobel.com or www.kemira.com.