UpdateArkema takes majority stake in French structural adhesives maker

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.

AEC, which recently developed a range of methacrylate glues based on Arkema technology, will be incorporated into the company’s new products and technologies incubator, Arkema added.

According to a spokesperson for Arkema, AEC’s current annual turnover is €3.5m ($4.5m), but is projected to grow to €20m/year by 2018. The company declined to disclose the purchase price.

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.

Structural adhesives are used by industrial companies to assemble composite materials, plastics, glass and metals.

($1 = €0.78)

By: Tom Brown
+44 208 652 3214

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