CARY, NC – Arkema Coating Resins, a business unit of Arkema, has announced the sale of the Peninsula Polymers business, a national distributor of coatings raw materials headquartered in North Kansas City, MO. An investment group led by the current management team has purchased the business. Terms of the sale were not disclosed.
The distributor was acquired by Arkema Inc. as part of the purchase of the coating resins business of Cook Composites and Polymers in 2011. Peninsula Polymers will continue to represent certain Arkema Coating Resins lines in North America.