Arkema sells its Vinyl Compounding activity in Vanzaghello, Italy, to Industrie Generali spa
11-Feb-2009
- Italy
As part of the recentering of its vinyl compound production activities, Arkema announces the sale of its Vanzaghello industrial site activity, just outside Milan, to the Italian company Industrie Generali spa.
"This divestment falls in line with Arkema’s drive to refocus its vinyl compound range on high-tech applications, in particular in the medical equipment market, an area in which our other Italian site, in Samarate, enjoys world-renowned expertise ", states René Maillot, Managing Director of Arkema’s PVC Compounds Business Unit.
The Vanzaghello activity generates annual sales of the order of € 22 M, and employs 19 people, who will be joining IGS on March 1st 2009, the effective date of the sale.
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