Kao Chemicals Europe signs agreement to sell part of fatty amine business in Europe to Akzo Nobel
Nov. 17, 2008
Kao Chemicals Europe S.L. has signed an agreement to sell part of its fatty amine business in Europe to Akzo Nobel´s Surface Chemistry. The agreement will be completed during the 4th quarter of 2008. Kao Chemicals Europe sells some part of fatty amine business and continues other part such as Asphalt and Fertilizer additives etc.
“This transaction will enhance our business and optimize our resources. We are focusing on our core markets and activities, in line with our strategy : profitable growth,” explained Dr. Takatoshi Kobayashi, president and CEO of Kao Chemicals Europe.
Unions and employee representative bodies have been informed and consultation procedures have begun, where applicable.
Kao Chemicals Europe, headquartered in Barcelona, Spain is European subsidiary of Kao Corporation based in Japan and operates worldwide, namely, in Europe, Middle East, Central and South America and Africa.
We are a leading supplier of Natural Oleo Chemicals and their derivatives and surfactants as well as Imaging Materials, Fragrances and Aroma Chemicals.
We serve a wide range of industries including laundry, cleaning, fabric and personal care, Industrial applications such as agro, asphalt, construction, mining, petroleum and ceramics, providing our customers with high value added products and technical support.