Arkema has announced plans to acquire the Coatings Resins and Photocure Resins businesses of Total’s Specialty Chemicals activities for ~ $767 million.
Arkema has announced plans to acquire the Coatings Resins (Cray Valley and Cook Composite Polymers) and Photocure Resins (Sartomer) businesses of Total’s Specialty Chemicals activities for a €550 million (~ $767 million) enterprise value. In line with its strategy to bolster its specialty product activities, the project would establish Arkema as a leader in the global coatings resins market. In addition, it would further increase the downstream integration of its acrylics chain while offering the potential for growth and synergies.
Businesses involved in the transaction include the coatings resins (paint, adhesives, etc.) of Cray Valley, which operates in Europe, Asia and South Africa; U.S.-based Cook Composite Polymers; and the photocure resins of Sartomer, which operates in Europe, the U.S. and Asia).
With this expanded range of products, Arkema would be in a position to serve its customers throughout the world as a leading material suppliers to the coatings market. In addition, by acquiring Sartomer, Arkema would become a leader in photocure resins.
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Arkema to Acquire Total's Photocure and Coatings Resins
December 10, 2010