MOSCOW (MRC) -- Arkema has completed the acquisition of Colorado Photopolymer Solutions (CPS), a US-based provider of photopolymer formulation services, according to Kemicalinfo.
The deal was completed earlier this month. The financial terms of the deal have not been disclosed.
CPS is a developer and marketer of value-added, formulated photopolymer resin solutions for energy curing technology, especially for three-dimensional (3D) printing markets.
Its formulation and materials design expertise, supported by ‘strong innovation capabilities’, will enable photocure resins and photoinitiators leader Sartomer to further support its customer base and other partners.
According to Arkema, the acquisition aligns with its strategy of becoming a pure speciality materials player by the year 2024.
“The project will foster the development of an integrated offering of customised and formulated additive manufacturing solutions to accelerate the design of turnkey solutions for the 3D printing market,” Arkema said in a press statement.
“The deal would complement Sartomer’s expertise, as well as resin solutions,” it added.
As MRC reported earlier, Arkema said in June, 2020, that it had finalized the divestment of its functional polyolefins business to SK Global Chemical. The divestment was announced last year. Arkema says the sale forms part of its strategy to refocus the group’s activities on specialty materials.
According to MRC's ScanPlast report, Russia's estimated PE consumption totalled 1,760,950 tonnes in the first ten months of 2020, up by 3% year on year. Only high density polyethylene (HDPE) and linear low density polyethylene (LLDPE) shipments increased. At the same time, PP shipments to the Russian market reached 978,870 tonnes in January-October 2020 (calculated using the formula: production minus exports plus imports minus producers' inventories as of 1 January, 2020). Supply of exclusively of PP random copolymer increased.
Arkema is a global manufacturer in specialty chemicals and advanced materials, with 3 business segments - High Performance Materials, Industrial Specialties, and Coating Solutions - and globally recognized brands. The Group reports annual sales of EUR8.8 billion. Buoyed by the collective energy of its 20,000 employees, Arkema operates in close to 55 countries.