Teachers’ Private Capital has completed its purchase of Dynea North America from Finland’s Dynea Chemicals.

Financial details of the transaction were not disclosed.

“We’re proud to be supporting Dynea North America’s emergence as an independent, North American owned and operated company,” says Jim Leech, senior vice-president of Teachers’ Private Capital.

Effective immediately, the specialty resins and paper overlays producer will be renamed Arclin.

The firm has annual sales of more than US$650 million and more than 750 employees in 15 facilities in Canada, the United States and Mexico.

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