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.

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