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It is anticipated that the IAR management team and approximately 650 global associates will join Harima at closing
November 30, 2010
By: DAVID SAVASTANO
Editor, Ink World Magazine
Momentive Specialty Chemicals Inc. announced that it has signed a definitive agreement to sell its global Ink & Adhesive Resins (IAR) business to Harima Chemicals, Inc., a leading producer of pine-based products. Terms of the agreement were not disclosed. The transaction is subject to customary conditions including governmental reviews. Closing is anticipated to occur in the first quarter of 2011. With 2009 annual revenues of $278 million, IAR is one of the world’s leading suppliers ...
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