Latin America. The Mexican company has become a key emulsion manufacturer in the region, achieving sales of around $40 million in 2021 and employing 230 people.
Hence Arkema, a world-class specialty chemicals and advanced materials company based in Colombes, France, has set its sights on Polímeros Especiales, a producer of high-performance water-based resins for a wide range of applications in markets such as architectural and decorative paints, textiles, pressure-sensitive adhesives and construction.
As stated by the multinational in its statement, this planned acquisition is fully in line with Arkema's strategy to expand its coating solutions segment into growth markets and low volatility organic compound solutions.
"Waterborne is one of Arkema's key solvent-free technologies, along with dust, ultraviolet/light-emitting diode/electron beam and high solids systems, the company said.
It includes the words of Manuel García, general manager of Arkema in Mexico: "Thanks to Polímeros Especiales, Arkema will develop new positions in the Mexican market, which is experiencing strong growth. The acquisition will ensure continued strong support to our customers and allow Arkema to expand its product offering locally."
Neil Tariq, Global Commercial Director of Arkema Coating Resins, welcomed the addition of Polímeros Especiales equipment to the Group, as this leading company has developed strong customer proximity and know-how."
"Its strong manufacturing assets and logistics platform will strengthen our expertise and quality of service in the region," added Neil Tariq.
Arkema notes that this project, subject to approval by antitrust authorities, is expected to be completed in the third quarter of 2022.