Arkema (Paris: AKE)
Announced on July 16th this year, the
project for the acquisition by the Arkema subsidiary Coatex of an
acrylic additives and emulsions production site from Brazilian company
Resicryl, was closed on October 1st 2012 as
scheduled. This transaction fits perfectly with the Group's strategy to
increase its presence in high-growth countries, particularly in Latin
America, and strengthen its downstream integration of its acrylics
Arkema is very pleased with this acquisition which helps speed up its
development in South America with high added value specialty products.
The production site that has been acquired, located in Araçariguama on
the outskirts of Saõ Paulo, will be part of Coatex which already runs
commercial operations in Brazil. Current Coatex sales in Brazil and
those from the new site will generate a turnover of around 20 million
The site's production plants will gradually be developed to manufacture
without delay Arkema's full range of rheology additives and waterborne
emulsions for the mineral industry, paper, construction, water
treatment, paint and adhesives, and cosmetics markets.
The Group should therefore be able to draw on the strong growth expected
in these markets in Brazil and in South America without delay.
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 14,000 employees and 10
research centers, Arkema generates annual revenue of ?6.5 billion, and
holds leadership positions in all its markets with a portfolio of
internationally recognized brands.
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.
Sophie Fouillat, +33 1 49 00
Raphanaud, +33 1 49 00 72 07
Sybille Chaix, +33 1 49 00 70 30