(Plastemart) -- Arkema has announced plans to acquire the Coatings Resins (Cray Valley and Cook Composite Polymers) and Photocure Resins (Sartomer) businesses of Total's Specialty Chemicals activities for a ┬550mln enterprise value. The buy would establish Arkema as a leader in the global coatings resins market. It would further increase the downstream integration of its acrylics chain, while offering major potential for growth and synergies.
The businesses concerned by the project comprise the coatings resins (paints, adhesives, etc.) of Cray Valley (Europe, Asia, South Africa) and Cook Composite Polymers (United States), as well as the photocure resins of Sartomer (Europe, United States, Asia). These make up a coherent group of specialty products used in the high value-added paints and industrial coatings markets.
With a wider product range (emulsions, photocure resins, rheology additives, alkyd resins, powder resins, fluorinated polymers and copolymers, etc.), Arkema would be in a position to serve its customers throughout the world as one of the world's leading material suppliers to the Coatings market.