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Arkema completes acquisition in Brazil

7:06 AM MDT | October 15, 2012

Arkema says its Coatex subsidiary has completed the acquisition of an additives and emulsions production site at Araçariguama, near São Paulo, from Resicryl (São Paulo). The acquisition is in line with Arkema’s strategy to increase its presence in emerging countries, including in South America, and it strengthens downstream integration of the company’s acrylics activities, it says. Financial details of the transaction were not disclosed. Coatex’s sales in Brazil, with the addition of the production site at Araçariguama, are expected to be about $20...

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