03 April 2013 10:45 [Source: ICIS news]
LONDON (ICIS)--Arkema has acquired a majority stake in AEC Polymers, a France-based producer of structural adhesives, the specialty chemicals producer said on Wednesday.
The acquisition is part of Arkema’s strategy to expand its presence in high-value specialty chemicals, particularly composite and advanced materials. The company did not disclose the exact size of the stake being acquired, or the purchase price, and could not be reached at time of going to press.
Christian Collette, Arkema’s vice president of research, said: "The technology of AEC Polymers uses mostly products manufactured by Arkema such as block copolymers, organic peroxides, acrylic and methacrylic monomers.
“Together we will grow our customers’ performance in the assembly of advanced materials, and make Arkema an essential player in this sector,” he added.
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