Kemira acquires Canadian firm Soto Industries

Kemira, a global chemicals company serving customers in water-intensive industries, has signed an agreement to acquire Soto Industries Inc, a privately-owned company, headquartered in Vancouver, Canada, for an undisclosed price. Soto is a specialty chemicals and services supplier to the pulp and paper industry. Soto supplies a broad range of specialty chemicals including digester scale control, silicone and oil-based defoamers, and polymers used in green liquor clarification and effluent treatment for pulp and paper making.
 
“This acquisition helps us accelerate our strategic plan and secures our position as a leading supplier to the pulp and paper industry in North America. It also supports Kemira's objective of achieving above-the-market growth in the mature markets. In addition to the strong strategic fit, the transaction is expected to result in synergies through raw material, logistics and fixed cost savings,” said Billy Ford, Senior Vice President, Paper segment, North America, Kemira.