Arkema to Acquire Polimeros Especiales, a Leading Emulsion Resins Producer in Mexico

Rhea-AI Summary

Arkema plans to acquire Polimeros Especiales, a prominent Mexican producer of waterborne acrylic resins, reinforcing its position in the fast-growing market. Polimeros Especiales generated approximately US$40 million in sales in 2021 and employs 230 people. This acquisition aligns with Arkema's strategy to expand its Coating Solutions segment while promoting low-volatile organic compound solutions. The transaction is subject to regulatory approval and is anticipated to close in Q3 2022, aiding Arkema's growth in sustainable materials.

Positive

• Acquisition of Polimeros Especiales enhances Arkema's market position in Mexico.
• Polimeros Especiales reported sales of approximately US$40 million in 2021, indicating strong market performance.
• Acquisition supports Arkema's strategy to expand its Coating Solutions segment in growing markets.

Negative

• The acquisition is subject to approval by antitrust authorities, which may delay completion.

The planned acquisition of this leading player in solvent-free waterborne acrylic resins will strengthen Arkema’s position in this fast-growing region.

COLOMBES, France--(BUSINESS WIRE)-- Regulatory News:

Arkema (Paris:AKE):

Polimeros Especiales is a well-established privately owned Mexican company producing high performance waterborne resins for a broad range of applications in markets such as architectural and decorative paints, textiles, pressure sensitive adhesives and construction. The company has become a key manufacturer of emulsions in the region, achieving sales of around US$40 million in 2021 and employing 230 people.

This planned acquisition is fully in line with Arkema’s strategy to expand its Coating Solutions segment in growing markets and in low-volatile organic compound solutions. Waterborne is one of Arkema’s key solvent-free technologies, together with powder, ultraviolet/light emitting diode/electron beam and high-solid systems.

According to Manuel Garcia, General Manager of Arkema in Mexico: “Thanks to Polimeros Especiales, Arkema will develop new positions in the Mexican market, which is experiencing robust growth. The acquisition will ensure continuous strong support to our customers and will enable Arkema to broaden its product offering locally”.

“We welcome the addition of Polimeros Especiales and its teams to the Group as this leading company has developed strong customer proximity and technical know-how. Its solid manufacturing assets and logistics platform will strengthen our expertise and quality of service in the region” said Neil Tariq, Global Business Director, Arkema Coating Resins.

The Directors of Polimeros Especiales, added, “We are proud to be joining forces with Arkema and together, we will further develop innovative waterborne solutions for more sustainable resin offerings in the dynamic American market.”

This project, which is subject to approval by antitrust authorities, is expected to be finalized in Q3 2022.

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 85.5% of Group sales in 2021, 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 €9.5 billion in 2021, and operates in some 55 countries with 20,200 employees worldwide.

Arkema
420 rue d’Estienne d’Orves
92705 Colombes Cedex
France
T +33 (0)1 49 00 80 80
arkema.com

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A French société anonyme (limited company) with share capital of €742,860,410 – Registered in Nanterre: RCS 445 074 685 Nanterre

View source version on businesswire.com: https://www.businesswire.com/news/home/20220721005757/en/

Investor relations

Béatrice Zilm +33 (0)1 49 00 75 58 beatrice.zilm@arkema.com

Peter Farren +33 (0)1 49 00 73 12 peter.farren@arkema.com

Mathieu Briatta +33 (0)1 49 00 72 07 mathieu.briatta@arkema.com

Caroline Chung +33 (0)1 49 00 74 37 caroline.chung@arkema.com



Media contact

Anne Plaisance +33 (0)6 81 87 48 77 anne.plaisance@arkema.com

Source: ARKEMA

FAQ

What is Arkema's planned acquisition in 2022?

Arkema plans to acquire Polimeros Especiales, a Mexican manufacturer of waterborne resins.

How will the acquisition of Polimeros Especiales impact Arkema?

The acquisition will strengthen Arkema's position in the Mexican market and expand its product offerings.

What are the expected sales figures for Polimeros Especiales?

Polimeros Especiales achieved sales of around US$40 million in 2021.

When is the acquisition of Polimeros Especiales expected to close?

The acquisition is anticipated to finalize in Q3 2022, pending regulatory approval.

Why is the acquisition of Polimeros Especiales significant for Arkema?

This acquisition aligns with Arkema's strategy to enhance its Coating Solutions segment and promote sustainable materials.