Kemira Oyj (Helsinki, Finland) has completed the acquisition of Thatcher Group’s iron sulfate coagulant business in the East Coast region of the U.S. The transaction includes certain customers and assets of the business. No employees will move to Kemira in the transaction as Kemira will serve the new customers from its existing manufacturing facilities. Annual revenue of the acquired business is less than 10 million US dollars. Thatcher Company, Inc. is a diversified chemicals manufacturer and distributor headquartered in Salt Lake City.
Tuija Pohjolainen-Hiltunen, EVP Water Solutions at Kemira said: The acquisition is highly synergistic with our existing operations. It is also one step towards our aim to double the revenue in water.”