Arkema will divest two South African subsidiaries Ferro Industrial Products Proprietary Limited

Arkema to divest two South African subsidiaries

11:57 AM, 13th December 2013
Arkema will divest two South African subsidiaries

COLOMBES, FRANCE: Arkema will divest its two South African subsidiaries, Arkema Resins Proprietary Limited and Harveys Composites Proprietary Limited to South African company, Ferro Industrial Products Proprietary Limited, specialized in the manufacture and distribution of materials for coatings and composite markets. Arkema will retain a presence in South Africa in the field of coatings, through the company Ferro, via licensing agreements and distribution. This proposed sale is subject to approval by the competition authorities in South Africa. Completion of the transaction is expected during the second quarter of 2014.

 

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