Arkema Finalizes the Divestment of Its Tin Stabilizer Business to PMC Group

Wed Oct 3, 2012 11:35am EDT

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Arkema Finalizes the Divestment of Its Tin Stabilizer Business to PMC Group

Regulatory News:

On October 1st 2012 Arkema (Paris:AKE) finalized the divestment of its tin stabilizer business announced in July 2012 to PMC Group, specialized in the manufacture of performance chemicals and plastics. This operation is fully in line with Arkema’s ambition to be a world leader in specialty chemicals and advanced materials and with the target, announced at the Investor day mid-September, to divest around 400 million euros of sales between 2012 and 2016.

The divested business accounts for sales of around €180 M on three continents, and includes four production sites in the United States, Europe and China(1).

The product range concerned by this divestment consists of tin derivatives, including Thermolite® stabilizers used in the production of PVC for construction, Fascat® catalysts used in the automotive industry, and a number of fine chemicals.

With this operation, Arkema refocuses its functional additives activities mostly on organic peroxides, used as reaction initiators for commodity polymers, in which Arkema is n° 2 in the world, acrylic impact modifiers, and glass coating additives for the production of flat glass and bottles.

(1) For administrative reasons, in China the deal should be closed during the 1st half 2013.

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.

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