Industry News

Dynea to Focus on Core Product by Selling Paper Overlays Business to Surfactor

Published on 2012-05-16. Author : SpecialChem

Dynea Chemicals Oy has sold its paper overlays business and assets in Kitee, Finland to Surfactor Finland Oy.

The Kitee plant produces phenolic surface films and employs 36 persons who will continue to work for the new owners. The turnover for Kitee in 2011 was € 17 million. Phenolic surface films (PSF) are resin impregnated industrial overlays designed to improve the surface characteristics of wood-based panels, used by the concrete formwork, transportation, building construction and furniture industries.

"Dynea has been systematically developing its business portfolio. This divestment is a logical step in our strategy to focus on our core product and application areas. I am convinced that Surfactor will be a good home for our Kitee operation since the core business of Surfactor is paper overlays," says Hans Pettersson, President and CEO of Dynea.

About Surfactor Finland Oy

Surfactor Finland Oy is an affiliated company of Surfactor Germany GmbH, one of the leading manufacturer of paper overlays for the world wide plywood industry as well as the furniture, transport and construction industries. The company turnover in 2011 was €49 million; with 136 employees.

About Dynea

Dynea is the first choice for companies seeking adhesive and surfacing solutions that bring real and lasting value to their businesses.

Source: Dynea

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