Announced on July 16th this year, 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 perfectly 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 very 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.
A global chemical company and France’s leading chemicals producer, Arkema is building the future of the chemical industry every day. Deploying a responsible, innovation-based approach, we produce state-of-the-art specialty chemicals that provide customers with practical solutions to such challenges as climate change, access to drinking water, the future of energy, fossil fuel preservation and the need for lighter materials. With operations in more than 40 countries, some 14,000 employees and 10 research centers, Arkema generates annual revenue of €6.5 billion, and holds leadership positions in all its markets with a portfolio of internationally recognized brands.
A subsidiary of the Arkema Group, Coatex specializes in the manufacture and marketing of flow additives used in a large number of markets, including paper, paint and adhesive, the treatment of minerals, detergence, concrete, ceramics, cosmetics, water treatment, textile and leather. With a global presence, industrial sites in France, the Netherlands, the United States, China and Korea, and sales offices on five continents, Coatex reported sales of around €180 million in 2011.