Arkema finalized the divestment of its Vinyl Products segment
Arkema finalized its project for the divestment of its Vinyl Products activities to the Klesch group announced in November 2011, and so continues to refocus its business on specialty chemicals.
The activities concerned by the project have been grouped within a new company called KEM ONE. Headquartered in Lyon, France, this company has an excellent balance sheet structure, and reports sales of around one billion euros.
“I would like to thank the personnel of the Vinyl Products segment for their involvement and commitment at Arkema over the years, and I wish them all every success in the future. This divestment is consistent with Arkema’s strategy to refocus its business on specialty product lines” said Thierry Le Hénaff, Arkema Chairman and Chief Executive Officer.
Other news from the department business & finance
Get the chemical industry in your inbox
From now on, don't miss a thing: Our newsletter for the chemical industry, analytics, lab technology and process engineering brings you up to date every Tuesday and Thursday. The latest industry news, product highlights and innovations - compact and easy to understand in your inbox. Researched by us so you don't have to.