Arkema to acquire Repsol’s PMMA business

19 December 2007 09:25  [Source: ICIS news]

MUMBAI (ICIS news)--Arkema is planning to acquire Spanish firm Repsol YPF’s polymethyl methacrylate (PMMA) sheet and block production activity in Europe, the French company said on Wednesday.

"This acquisition represents an excellent growth opportunity in a segment in which Altuglas International enjoys real expertise. It will allow us to boost our leading position in PMMA sheet in Europe," said Christophe de Saint Louvent, Arkema’s PMMA and methacrylics group president.

With eight production sites around the world, Altuglas International, an Arkema subsidiary, markets 20% of PMMA world production in the form of acrylic sheet and resin.

Repsol has two sheet and block production sites at Bronderslev in Denmark and at Polivar in Italy, with annual sales of around €30m ($43.2m), Arkema said.

($1 =  €0.69)

By: Aaron Rodrigues
+65 6780 4359

For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.

Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.

Printer Friendly