03 April 2013 16:03 [Source: ICIS news]
(updates with size of stake acquired, growth expectations)
LONDON (ICIS)--Arkema has acquired a 60% stake in AEC Polymers, a France-based producer of structural adhesives, the specialty chemicals producer said on Wednesday.
The spokesperson said: “The current market of adhesives based on methacrylate is less than 10,000 tonnes/year, for a total market of structural adhesives from 700,000-800,000 tonnes/year.
“We believe that AEC Polymers technology will significantly increase the value by taking market share from other types of adhesives including epoxy and PU, beyond the overall market growth of structural adhesives,” she added.
The acquisition is part of Arkema’s strategy to expand its presence in high-value specialty chemicals, particularly composite and advanced materials.
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.
($1 = €0.78)
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