Arkema finalizes the acquisition of an Acrylic Emulsions site in Brazil
The project for the acquisition by the Arkema subsidiary Coatex of an acrylic additives and emulsions production site from Brazilian company Resicryl, was closed on October 1st 2012 as scheduled. This transaction fits with the Group's strategy to increase its presence in high-growth countries, particularly in Latin America, and strengthen its downstream integration of its acrylics activities.
Arkema is pleased with this acquisition which helps speed up its development in South America with high added value specialty products. The production site that has been acquired, located in Araçariguama on the outskirts of Saõ Paulo, will be part of Coatex which already runs commercial operations in Brazil. Current Coatex sales in Brazil and those from the new site will generate a turnover of around 20 million U.S. dollars.
The site’s production plants will gradually be developed to manufacture without delay Arkema’s full range of rheology additives and waterborne emulsions for the mineral industry, paper, construction, water treatment, paint and adhesives, and cosmetics markets.
The Group should therefore be able to draw on the strong growth expected in these markets in Brazil and in South America without delay.
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