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Arkema finalizes divestment of tin stabilizer business

6:35 AM MDT | October 4, 2012 | Sotirios Frantzanas

Arkema says it has finalized the previously announced divestment of its tin stabilizer business to PMC Group (Mount Laurel, NJ), a producer of performance chemicals and plastics. The divestment is in line with Arkema's strategy, and with its target, announced in September 2012, to divest businesses with combined sales of about €400 million ($517.8 million) in 2012-16, Arkema says. The move is also part of Arkema's plans to refocus its functional additives activities mostly on organic peroxides, the company says. "The divested business...

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