Artek US, a Praana Group Company, Acquires Energy Division from Kemira to Form Strategic Merger with Sterling Specialty Chemicals

HOUSTON–(BUSINESS WIRE)–Artek US, a leading player in the global specialty chemicals industry and a subsidiary of the Praana Group, has successfully acquired the energy-related division from Kemira, for approximately USD $280 million to form merger with Sterling Specialty Chemicals. The company had revenue in 2023 in excess of $600 million. This acquisition marks a pivotal moment for the group as it positions itself for growth and global expansion in response to the increasing demand for wate

Read More

Business Wire Merger/Acquisition News

Enjoying Merger Arbitrage Limited?

Enjoying Merger Arbitrage Limited?

Sign up then! It's quick and FREE

Have time to share an article? It's very much appreciated!!

You have Successfully Subscribed!