Arkema plans to acquire Coatex
Arkema announced the planned acquisition of the Coatex group currently wholly owned by the Omya Group. This first acquisition is fully in line with the external growth strategy announced by Arkema for its core business, aiming at reinforcing high added value activities.
Coatex manufactures specialty polymers mainly acrylic based, used as dispersants and thickeners. The main end markets of these high growth specialty chemical activities include paper, paint, water treatment, cosmetics and textile. With its headquarters and largest site in Genay, near Lyon (France) Coatex employs 300 people in the world (Europe, Americas, Asia) and reported sales of EUR 150 millions in 2006.
The project is subject to the legal information and consultation process involving personnel representative bodies for the three groups, Arkema, Coatex and Omya, and to the approval of the antitrust authorities in the relevant countries.
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