Arkema’s PMMA activity is an integrated business, from the production of methyl methacrylate to polymethyl methacrylate.
Arkema recently announced the proposed divestment of its polymethyl methacrylate (PMMA) business to Trinseo for an enterprise value of €1.1 billion (approximately $1.3 billion). According to Arkema, this project is a new step in the group’s transformation and is fully in line with its goal to become a pure Specialty Materials player by 2024.
Arkema reports that the project offers great long-term development opportunities for the PMMA business. Arkema’s PMMA activity is an integrated business, from the production of methyl methacrylate to polymethyl methacrylate, marketed under the Plexiglas® brand on the American continent and Altuglas® in the rest of the world. The business under divestment employs some 860 people and operates seven production sites (four in Europe and three in North America). Sales in 2020 are estimated to be around €510 million (~ $619 million).