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CECA sells its quaternary esters and phosphoric esters to the American company Stepan
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12/15/2008
Press Release
As part of the recentering of its surfactant business initiated in 2007, CECA, Arkema’s Specialty Chemicals business unit, announces the sale of its quaternary esters and phosphoric esters to Stepan.
" This divestment of a non-strategic business for CECA will allow us to focus our resources on the operational management of our other surfactant ranges for which we offer genuine added value as a specialty chemicals manufacturer ", explains Christophe Villain, CECA’s Managing Director.
These activities account for annual sales of the order of € 8 M, and concern two product groups:
The European leader in the quaternary esters market for textile softener production, Stepan operates three industrial facilities in Europe, in Voreppe (France / Isère) which also houses its European headquarters, Wesseling (Germany), and Stalybridge (United Kingdom).
This divestment is part of Arkema’s transformation drive, and represents a further step in the recentering of its business portfolio.
CECA, a subsidiary of the Arkema Group, is a world player in Specialty Chemicals. CECA constantly strives to improve its customers’ performance by creating and developing adsorbents, chemical intermediates, and additives. CECA operates an extensive network of industrial facilities in Europe, together with two research centres (GRL and CRRA) dedicated to customer innovation.
A global chemical company and France’s leading chemicals producer, Arkema consists of three strategically related businesses: Vinyl Products, Industrial Chemicals, and Performance Products. Arkema reports sales of 5.7 billion euros. Arkema has 15,200 employees in over 40 countries and six research centers located in France, the United States and Japan. With internationally recognized brands, Arkema holds leadership positions in its principal markets.
