Alcro-Beckers AB, part of the Finnish Tikkurila that is responsible for Kemira’s paints and coatings business, has signed an agreement to sell its 50% stake in the Swedish filler producer Scanspac to Gyproc AB, part of the Gypsum Activity of Saint-Gobain. Net sales of Scanspac's operations totaled approximately €26 million in 2006.
"This divestment is a perfect strategic fit for both us and Scanspac," said Niklas Frisk, managing director of Alcro-Beckers AB. "With Scanspac becoming part of a large corporation, which specializes in fillers and similar materials, we can now focus our efforts on paint manufacturing only and on concentrating operations in our new plant at Nykvarn."
Scanspac is currently owned 50/50 by Alcro-Beckers AB, a subsidiary of Tikkurila Oy, and maxit Group. Scanspac is the leading filler producer in the Nordic area with production units in Glanshammar and Sala in Sweden. Its customers are paint manufacturers, distributors and retailers who serve professional users and consumers. Scanspac's products are distributed under customers' brands and under its own brands of Dalapro, Gullspack and Breplasta.
Alcro-Beckers to sell its stake in Scanspac
By Tim Wright
Published August 21, 2007
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