CABB: Acquisition of KemFine Group Oy
CABB, Sulzbach, Germany, a global provider of chemical building blocks, fine and specialty chemicals and custom manufacturing solutions, completes the acquisition of the Finnish KemFine Group Oy, Helsinki, after successful merger clearance.
CABB is one of the world’s leading suppliers of chemical building blocks based on chlorine and acetic acid and is the world market leader in monochloroacetic acid (MCAA), an essential component used in a wide range of applications ranging from herbicides, personal care to the food industry. It is also a leading custom manufacturer for global agrochemical, food, pharma and chemical companies. In 2010 CABB employed 750 people and had a turnover of EUR 311 million.
KemFine Group Oy focuses on the custom manufacturing of fine chemicals for the global agro and pharma industry. It is headquartered in Helsinki and operates a production facility in Kokkola, Finland. It has approximately 190 employees and in 2010 had sales of EUR 81 million.
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