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Water
Kemira exits oil and gas chemicals
by Craig Bettenhausen
December 16, 2023
| A version of this story appeared in
Volume 101, Issue 41
The water treatment chemical maker Kemira is selling its portfolio of chemicals used in petroleum production and processing to Sterling Specialty Chemicals for $280 million. The unit had sales of around $466 million in 2022. Kemira says the divestiture will help it focus on core customers in pulp and paper, wastewater treatment, and water purification. Sterling, a former Baker Hughes specialty chemical business, was acquired by India’s Artek Group in 2020.
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