Arkema to Divest Its Epoxides Business
28 September 2021 - 1:45AM
Business Wire
Arkema announces the proposed divestment of its epoxides
business to Cargill, a leader in agricultural products and
services. With this project, Arkema is pursuing the repositioning
of its portfolio on its core businesses.
Regulatory News:
Arkema (Paris:AKE) 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. Part of Arkema’s Hydrogen Peroxide activity,
this business has limited integration with the rest of the Group’s
portfolio, generates sales of around US $40 million and employs
approximately 45 people.
By joining Cargill, a global player in 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 US $38.8 million,
which is around 10 times historical EBITDA.
The deal is expected to close in the fourth quarter of 2021.
Building on its unique set of expertise in materials science,
Arkema offers a portfolio of first-class technologies to
address ever-growing demand for new and sustainable materials. With
the ambition to become in 2024 a pure player in Specialty
Materials, the Group is structured into 3 complementary, resilient
and highly innovative segments dedicated to Specialty Materials
-Adhesive solutions, Advanced Materials, and Coating Solutions-
accounting for some 82% of Group sales in 2020, and a
well-positioned and competitive Intermediates segment. Arkema
offers cutting-edge technological solutions to meet the challenges
of, among other things, new energies, access to water, recycling,
urbanization and mobility, and fosters a permanent dialogue with
all its stakeholders. The Group reported sales of around €8 billion
in 2020, and operates in some 55 countries with 20,600 employees
worldwide. www.arkema.com
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version on businesswire.com: https://www.businesswire.com/news/home/20210927005596/en/
INVESTOR RELATIONS Béatrice Zilm +33 1 49 00 75 58
beatrice.zilm@arkema.com
Peter Farren +33 1 49 00 73 12 peter.farren@arkema.com
Mathieu Briatta +33 1 49 00 72 07 mathieu.briatta@arkema.com
Caroline Chung +33 1 49 00 74 37 caroline.chung@arkema.com
MEDIA Véronique Obrecht +33 1 49 00 88 41
veronique.obrecht@arkema.com
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