Moscow. May 12, 2009. /Lesprom Network/. Akzo Nobel N.V., a Netherlands-based chemical company, has acquired the wood adhesives business of Kronochem, a Germany-based chemical arm of Kronospan, as Trading Markets informed Lesprom Network.
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.