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Focus on special materials!

 Last Update: 2022-08-23
 Source: Internet
 Author: User

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Arkema has announced the completion of the sale of its functional polyolefins business to SK Global Chemical

As part of the PMMA business, the Functional Polyolefins business has sales of around 250 million euros and includes ethylene copolymers and terpolymers for the food packaging, cables, electronics and coatings markets

It is reported that the business involves about 100 employees in France and an international sales team of about 30 people, who will also join SK General Chemicals, which is part of South Korea's SK Group

Arkema said that based on an enterprise value of 335 million euros, the divestiture is fully in line with the Group's strategy of becoming a pure-play specialty materials manufacturer by 2024, which was proposed on April 2, 2020, focusing on adhesive solutions, advanced materials and coating solutions These three complementary and highly innovative business units

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Focus on special materials!

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