Arkema acquire US-based ArrMaz $570 million

Arkema to acquire US-based ArrMaz for $570 million

5:54 AM, 16th May 2019
Arkema logo

COLOMBES, FRANCE: Arkema has planned to acquire ArrMaz, a US-based leader in specialty surfactants for crop nutrition, mining and infrastructure. The purchase price is based on an enterprise value of $570 million.

ArrMaz will be integrated in Arkema’s performance additives, one of the three strong pillars which will drive growth of the high-performance materials division, along with adhesives and technical polymers.

ArrMaz offers tailored and sustainable solutions for the specific and ever-changing needs of its customers in a variety of industrial markets. With its formulation expertise and well-established leadership positions, ArrMaz has forged long-term relationships with major industrial customers, leaders in their own fields, to support their development.

The transaction will combine Arkema’s and ArrMaz’s complementary expertise in differentiated formulations, technologies and geographic reach for specialty surfactants.

ArrMaz has built an extensive commercial presence in North America, South America, Asia and in the fast-growing regions of the Middle East and Africa, where it recently opened state-of-the-art facilities. It employs 400 employees and operates 9 manufacturing sites around the world.

Combined with Arkema’s strong expertise in formulation and specialty surfactants, this acquisition will join two organizations that are highly complementary in terms of geography as well as commercial and technological capabilities. Arkema will thus be well positioned to accelerate its growth in legacy markets and to enter new segments (additives for nutrients, lithium extraction and oil & gas process aids), with an expectation of delivering above-GDP growth.

© Worldofchemicals News



Your Comments (Up to 2000 characters)
Please respect our community and the integrity of its participants. WOC reserves the right to moderate and approve your comment.

Related News

Beiersdorf to acquire Bayer’s Coppertone brand for $550 mn

HAMBURG/LEVERKUSEN, GERMANY: Beiersdorf AG has entered into a definitive agreement to buy the Coppertone business from Bayer AG, for a purchase price ...

Read more
Volvo inks multi-billion-dollar li-ion battery deals with CATL, LG Chem

GOTHENBURG, SWEDEN: Volvo Car Group has signed multibillion-dollar li-ion batteries supply agreements with leading battery makers CATL of China and LG ...

Read more
Tata Chemicals mergers consumer business with Tata Global Beverages

MUMBAI, INDIA: Tata Chemicals Limited has decided de-merger its Consumer Products Business and merge it with Tata Global Beverages Limited (TGBL). TGB ...

Read more
Sanitized invests in development of tailored antimicrobial masterbatch

BURGDORF, SWITZERLAND: Sanitized AG TecCenter has specially developed a twin-screw extruder for faster development of new masterbatch combinations and ...

Read more
Asahi Kasei to expand spunbond capacity in Thailand

TOKYO, JAPAN: Asahi Kasei said that it will expand production capacity for spunbond nonwovens in Thailand. The company will add new production line at ...

Read more
X-Swift athleisure shoe: Designed by BASF materials, Longterm Concept & Gu Guoyi

GUANGZHOU, CHINA: BASF SE, Longterm Concept and Gu Guoyi have collaborated to develop X-Swift - a newly designed athleisure shoe. The showcases four o ...

Read more