France's Arkema to buy additives and emulsions site in Brazil

16 July 2012 08:44  [Source: ICIS news]

SINGAPORE (ICIS)--French chemicals maker Arkema said on Monday it will acquire through its subsidiary Coatex an additives and emulsions production site at Aracariguama in Sao Paulo, Brazil, from Brazilian group Resicryl for an undisclosed fee.

The plants at the site will gradually be developed to produce Arkema’s and Coatex’s full range of rheology additives and waterborne emulsions, it said in a statement.

“The group should indeed benefit from the expected strong growth in the mineral industry, paper, construction, water treatment, and paint and adhesives markets [in Latin America],” it said.

The deal is expected to be completed in the second half of this year, it added.

By: Nurluqman Suratman

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