Nobel Industries (Sweden)


Nobel Industries AB was a Swedish chemical company.

History

Nobel Industries was incorporated in 1984 through the merger of Swedish weapons manufacturer Bofors and Swedish chemical company KemaNobel; both Bofors and KemaNobel had historic ties to the 19th-century Swedish chemist and inventor Alfred Nobel.
KemaNobel itself resulted from a number of acquisitions in 1970 by Fosfatbolaget: Liljeholmens Stearinfabriks chemicals business, Barnängen Tekniska Fabrik AB and , changes its name to KemaNord, continuing with further acquisitions”: 1981 Pharos from AGA, a year later the paints group Nordsjö, in 1986 paper and pulp group Eka AB and in 1988 Berol Kemi from Procordia.
In the late 1980s, Nobel Industries divisions further acquired; Casco Nobel bought Sadolin & Holmblad in 1987, Parteks adhesives and joint compound operations in 1988 and English paints group, Crown Berger in 1990. In 1990, Pharos acquired American electronics group Spectra-Physics. Eka Nobel acquires Alby Klorat and Stora Kemi from Swedish forest group Stora Kopparberg, Albright and Wilson's paper chemicals division.
By the mid 1990s, the company had begun to divest itself of non-core businesses, streamlining itself: KVK Agro Chemicals was sold to Sandoz in 1991, the Nobel Consumer Goods to the German group, Henkel, and NobelTech to Celsius Industries and lateron acquired by Saab AB in 2000.
In 1993, Dutch company Akzo N.V. agreed to acquire Nobel Industries for $1.73 billion. The merger was completed in 1994, forming Akzo Nobel.

Companies part of history of Nobels Industry