ARKEMA : Gains Foothold in Brazil in Acrylic Specialties
07/16/2012| 02:50am US/Eastern

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Arkema (Paris:AKE) announces a project for the acquisition of an
additives and emulsions production site from Brazilian Group Resicryl.
The project illustrates the Group's commitment to speeding up its
development in Latin America around high added value products. The Group
should indeed benefit from the expected strong growth in the mineral
industry, paper, construction, water treatment, and paint and adhesives
markets.
Under the terms of the agreement, Arkema would acquire, via its
subsidiary Coatex, the Araçariguama production site on the outskirts of
Saõ Paulo. The new entity, which will therefore comprise Coatex's
existing sales in Brazil and those from the new site, will generate $20 M
sales.
Coatex and Arkema would provide their know-how for the manufacture of
resins and specialty emulsions, which are used in wide-ranging
industries, including mineral processing, paint, adhesives, paper,
construction, water treatment, and cosmetics.
The Araçariguama facility was built in 2007. The production plants would
gradually be developed to manufacture without delay Arkema's and
Coatex's full range of rheology additives and waterborne emulsions, and
would offer great development opportunities for the Araçariguama site
thanks to the Arkema Group's know-how and technologies. Resicryl would
refocus its activity on the distribution and production of a limited
range of coatings and latex.
« The Araçariguama site is ideally placed to fulfil the expectations
of both our existing and our future customers. This is a first major
step that will allow Arkema and its subsidiary Coatex to draw on the
strong growth of Brazil and Latin America without delay »
stated Alain Mari, Chairman of Coatex.
The deal should be closed in the 2nd half of 2012.
A global chemical company and France's leading chemicals producer, Arkema
is building the future of the chemical industry every day. Deploying
a responsible, innovation-based approach, we produce state-of-the-art
specialty chemicals that provide customers with practical solutions to
such challenges as climate change, access to drinking water, the future
of energy, fossil fuel preservation and the need for lighter materials.
With operations in more than 40 countries, some 13,200 employees and 9
research centers, Arkema generates annual revenue of approximately ?5.9
billion, and holds leadership positions in all its markets with a
portfolio of internationally recognized brands. The world is our
inspiration.
A subsidiary of the Arkema Group, Coatex specializes in the
manufacture and marketing of flow additives used in a large number of
markets, including paper, paint and adhesive, the treatment of minerals,
detergence, concrete, ceramics, cosmetics, water treatment, textile and
leather. With a global presence, industrial sites in France, the
Netherlands, the United States, China and Korea, and sales offices on
five continents, Coatex reported sales of around ?180 million in 2011.
www.arkema.com

Investors Relations:
Sophie Fouillat
Tel. : +33 1 49 00
86 37
sophie.fouillat@arkema.com
Jérôme
Raphanaud
Tel. : +33 1 49 00 72 07
jerome.raphanaud@arkema.com
or
Press
Relations:
Gilles Galinier
Tel. : +33 1 49 00 70 07
gilles.galinier@arkema.com
© Business Wire 2012
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