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April 3rd, 2007
Kermira expands global reach through US acquisitions
Finland-based specialty personal care ingredients provider Kemira Oyj has increased its footprint in the global personal care sector with the acquisition of privately-owned TRI-K Industries and its subsidiary Maybrook.
Although the financial terms and conditions of the acquisition were not revealed Kemira said the main aim of the acquisition is to expand its position as one of the world's leading suppliers of titanium dioxide products for the cosmetics industry.
Kemira's specialty division is particularly noted for its UV-Titan products, a nanotechnology-based product that is now widely used in sunscreens for a variety of personal care products, as well as packaging products to help extend shelf life of perishable goods.
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