AMSTERDAM, the Netherlands – AkzoNobel Industrial Finishes has acquired the wood adhesives activities of Kronochem. Kronochem is 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. Its products support applications for the furniture industry.