TAGS: Sustainability / Natural Adhesives Epoxy Adhesives
Arkema announces divestment of its epoxides business to Cargill. With this project, Arkema is pursuing the repositioning of its portfolio on its core businesses.
Divestment to Strengthen Core Businesses
Arkema produces bio-based and specialty epoxides in Blooming Prairie (MN, USA), used as additives or intermediates in the manufacture of lubricants, plastic additives, and a wide variety of other applications. As part of Arkema’s hydrogen peroxide activity, this business has limited integration with the rest of the Group’s portfolio, generates sales of around USD 40 million.
By joining Cargill, a manufacturer of bio-based products, this business of high-quality products will benefit from the size and the development strategy of this US Group that will offer new growth potential in the industrial markets.
The offer received values this activity at USD 38.8 million, which is around 10 times historical EBITDA. The deal is expected to close in the fourth quarter of 2021.
Bio-based Grades from Arkema
Source: Arkema