Arkema Offloads Chlor-Alkali, PVC Unit to Private Equity Firm

Takken: Staying with vinyl products. Arkema plans to offload its money-losing vinyl products business to private equity firm Klesch Group (Geneva), which specializes in the development of commodity-related activities. The deal includes Arkema’s chlor-alkali and derivatives, and polyvinyl chloride (PVC) activities. It forms part of Arkema’s strategy to refocus its operations on specialties. Arkema presented last week to its central works council a project to spin off the vinyl products operation as an independent, integrated player in the PVC...

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