Jun 3 2008
Arkema has announced the acquisition by its subsidiary Coatex of LyondellBasell’s Ethacryl business. With annual sales of the order of € 4 M, this activity will enable Coatex to strenghen its know-how in the concrete and plaster additives markets, and speed up its global growth.
" The Ethacryl activity fits in well with Coatex’s additive range for construction materials. It will help boost our expertise in the synthesis and formulation of these additives, as well as our commercial presence in the concrete and plaster markets " Alain Mari, Chairman of Coatex, was pleased to announce.
This acquisition will allow Coatex to complement its product line by offering a competitive range of molecules (polycarboxylates) to its client formulators and producers of construction materials.
Coatex joined Arkema in October 2007 to form its Specialty Acrylic Polymers business unit, specializing in the production of mostly acrylic-based polymers, used as dispersants and thickeners in many applications.