Finnish chemical industry company, Kemira Oyj, recently confirmed the successful divestment of its oil and gas-related portfolio. The Helsinki-based corporation has officially transferred its assets in this sector to Sterling Specialty Chemicals LLC. The latter firm, a well-established American subsidiary, is set to take over the operation and management of these newly acquired resources in a bid to expand its global market presence.
1. Finnish company Kemira Oyj successfully executed the divestment of its oil and gas-related portfolio.
2. The assets in this sector were transferred to the American firm, Sterling Specialty Chemicals LLC.
3. Sterling Specialty Chemicals, a well-established U.S. subsidiary, will operate and manage the acquired resources.
4. The acquisition of Kemira's assets is part of Sterling's plan to expand its global market presence.
5. The divestment represents a crucial shift in Kemira Oyj's business strategy and is anticipated to considerably impact the company's operations.
Kemira Oyj successfully divested its oil and gas-related portfolio, transferring these assets to Sterling Specialty Chemicals LLC.
Kemira Oyj, based in Helsinki, has successfully executed the sale of its oil and gas-related portfolio. Sterling Specialty Chemicals LLC, a U.S. subsidiary, is the new owner of the divested assets. This move represent a significant shift in Kemira's business strategy and is expected to have wide-ranging impacts on their operations.