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The transaction includes a long-term tolling agreement under which Kronochem will utilize its manufacturing capacity and production expertise to produce wood adhesives for Casco Adhesives.
The acquired wood adhesives business is located in the Czech Republic, Romania, Bulgaria, and Slovakia.
Kronospan is a producer of wood panels, MDF, chipboard, laminate flooring, and board resins.
Deal Type Acquisition Sub-Category Asset Purchase Deal Status Completed: 2009-04-28
Deal Participants
Target (Company) Kronochem - Wood Adhesives Activities Acquirer (Company) Akzo Nobel N.V. Vendor (Company) Kronochem
Deal Rationale
The acquisition would enable Akzo Nobel to reinforce its strategic position of Casco Adhesives business in Eastern Europe.
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