PARIS – Safic-Alcan, an international distributor of specialty chemicals, has successfully gained full ownership of its Swedish subsidiary, Safic-Alcan Nordic, buying the remaining 50% stake of the business entity.

The acting President, Magnus Lindeberg, will remain in place and will continue to actively manage the business.

Founded in 1997 as Nordica Elastomer, the Sweden-based distributor and business agent is active in the plastic, rubber, adhesives, elastomers, thermoplastics polyurethane, asphalt and bitumen markets. The company operates in Sweden, Denmark, Norway, Finland and the Baltic states.