AkzoNobel Industrial Finishes' Casco Adhesives business in Eastern Europe has acquired the wood adhesives activities of Kronochem, the chemical arm of Kronospan, a producer of wood panels, MDF, chipboard, laminate flooring and board resins. 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. Their products support applications for the furniture industry, including veneering, curved plywood, edge glue panel, doors, shuttering and three-layer boards. AkzoNobel's own European production for wood adhesives is centralized at two plants in Sweden.
AkzoNobel acquires East European adhesives business
By Tim Wright
Published April 29, 2009
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