Arkema has announced the acquisition by its subsidiary Coatex of LyondellBasell's Ethacryl business. With annual sales of the order of € 4 M, this activity will enable Coatex to strenghen its know-how in the concrete and plaster additives markets, and speed up its global growth.
"The Ethacryl activity fits in well with Coatex's additive range for construction materials. It will help boost our expertise in the synthesis and formulation of these additives, as well as our commercial presence in the concrete and plaster markets " Alain Mari, Chairman of Coatex, was pleased to announce.
This acquisition will allow Coatex to complement its product line by offering a competitive range of molecules (polycarboxylates) to its client formulators and producers of construction materials. Coatex joined Arkema in October 2007 to form its Specialty Acrylic Polymers business unit, specializing in the production of mostly acrylic-based polymers, used as dispersants and thickeners in many applications.
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 and Korea, and sales offices on five continents, Coatex reported sales of 150 million euros in 2007.
A global chemical company and France's leading chemicals producer, Arkema consists of three strategically related businesses: Vinyl Products, Industrial Chemicals, and Performance Products. Arkema reports sales of 5.7 billion euros. Arkema has 15,200 employees in over 40 countries and six research centers located in France, the United States and Japan. With internationally recognized brands, Arkema holds leadership positions in its principal markets.