PARIS - Arkema announced plans for the acquisition of an additives and emulsions production site from Brazilian group Resicryl. The project illustrates Arkema’s commitment to speeding up its development in Latin America around high-added-value products. Arkema should benefit from the expected strong growth in the mineral industry, paper, construction, water treatment, coatings and adhesives markets.
Under the terms of the agreement, Arkema will acquire, via its subsidiary Coatex, the Araçariguama production site on the outskirts of Saõ Paulo, Brazil. The new entity, which will comprise Coatex’s existing sales in Brazil and those from the new site, will generate around $20 million in sales.