France's Arkema announces project to buy Seppic alcoxylate business

08 November 2011 17:53  [Source: ICIS news]

LONDON (ICIS)--French chemical group Arkema has announced a project to acquire specialty chemicals company Seppic's alcoxylate business, the company said on Tuesday.

The project will include the acquisition of France-based Seppic's industrial site in Antwerp, Belgium, Arkema added.

Seppic’s alcoxylate business generated sales of €47m ($65m) in 2010 and employs 50 workers. 

The business would become part of Arkema's performance products business segment and its specialty chemicals business, the company said.

“This acquisition would boost the major development of these products currently manufactured and marketed by the Arkema subsidiary Coatex,” it added.

However, the company said implementation of the project is subject to the legal information and consultation process, which involves trade unions in the countries concerned and the approval of the anti-trust authorities.

($1 = €0.73)

For more on Arkema visit ICIS company intelligence

By: Leigh Stringer
+44 208 652 3214

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