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Wednesday, 18 September 2019
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Markets & companies, Raw materials market

Additives and emulsions: Arkema acquires in Brazil

Wednesday, 18 July 2012

Arkema purchases Resicryl's additives and emulsions production site in Araçariguama.

The acquisition illustrates Arkema's commitment to speeding up its development in Latin America. Source: Ramona Heim - Fotolia.com

The acquisition illustrates Arkema's commitment to speeding up its development in Latin America. Source: Ramona Heim - Fotolia.com

France-based Arkema Group has announced a project for the acquisition of an additives and emulsions production site from Brazilian Group Resicryl. The project illustrates the Group's commitment to speeding up its development in Latin America. The Group should indeed benefit from the expected strong growth in the mineral industry, paper, construction, water treatment, and paint and adhesives markets.

Under the terms of the agreement, the French company would acquire, via its subsidiary Coatex, the Araçariguama production site on the outskirts of Saõ Paulo. The new entity, which will therefore comprise Coatex's existing sales in Brazil and those from the new site, will generate USD 20 million sales. The deal should be closed in the 2nd half of 2012.

The Araçariguama facility was built in 2007. The production plants would gradually be developed to manufacture the company’s full range of rheology additives and waterborne emulsions. Resicryl would refocus its activity on the distribution and production of a limited range of coatings and latex.

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