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Markets :: Specialty Chemicals :: Plastic additives

PMC acquires AkzoNobel's primary amides business

12:56 PM MST | January 7, 2014 | Lindsay Frost and Ian Young

AkzoNobel says it has divested its primary amides business to PMC Group (Mount Laurel, NJ). Financial details of the transaction have not been disclosed. The deal includes a manufacturing facility at Kyungju, South Korea. All of the facility's 37 employees will transfer to PMC with immediate effect, as will the erucamide, oleamide, and other primary and secondary amides sold under the Armoslip brand name. The products are used primarily in the polymer industry to create plastic bags and plastic films for packaging. AkzoNobel says that the divestment follows a...

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