Press Release

White & Case Advises Kemira Oyj on €140 Million Divestment of ChemSolutions' Formic Acid Business

Global law firm White & Case LLP has advised Kemira Oyj, a global chemicals company headquartered in Finland serving customers in water-intensive industries, on the sale of its ChemSolutions' formic acid business to Taminco Corporation, a portfolio company of Apollo Management.

"White & Case is pleased to represent again its long-standing client Kemira," said White & Case partner Timo Airisto. "Once again, our involvement in this transaction demonstrates our ability to bring the right team together and assist our clients in complex multi-jurisdictional M&A transactions."

The transaction was announced on December 23, 2013 and closed on March 6, 2014. It includes a manufacturing plant for formic acid, Kemira’s feed and airport runway deicing product lines in Oulu, Finland, and approximately 160 employees.

The White & Case team which advised Kemira was led by partner Timo Airisto with associates Alli Soralahti and Aatos Solhagen in Helsinki. They were supported by partners Joseph H. Brazil, Kenneth Suh and Carolyn J. Vardi and associates Katherine Lim and Evan Hill in New York, partner Gavin Weir and associate Jennifer Cho in London and partner Frank-Karl Heuchemer in Frankfurt. Environmental issues were covered by London counsel Tallat Hussain and competition law issues by counsel Suzanne Innes-Stubb in Helsinki.

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