Ciba completes Raisio acquisition

By Patrick Raleigh, ERJ On-line news editor

Basel, Switzerland-Ciba Specialty Chemicals has concluded its Euro475-million acquisition of Raisio Chemicals, having gained formal approval from European Union regulators, Ciba announced 3 June.

The Swiss group will now implement a speedy integration process, to quickly take advantage of the many opportunities that this transaction offers,” said Armin Meyer, Ciba’s chairman and CEO, in a press statement.

The acquisition combines two paper chemical businesses with strengths in different geographic and product markets.

Raisio Chemicals has strong market positions in Scandinavia,…

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