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Arkema completes the acquisition of ArrMaz
Jul. 2, 2019
Arkema Inc.
United StatesFollow
United StatesOn July 1st 2019, Arkema completed the acquisition of ArrMaz, a global leader in specialty surfactants for crop nutrition, mining and infrastructure markets. The acquisition of this profitable, resilient and low capital intensive business, which has an accretive impact from the first year, is another milestone in Arkema’s growth journey towards specialties that contributes to further reinforcing the Group’s profile.
ArrMaz offers tailored and sustainable solutions for the specific and ever-changing needs of its customers in the crop nutrition, mining and infrastructure markets. Present in North America, South America, Asia and in the fast-growing countries of the Middle East and Africa, ArrMaz achieves around US$290 million of sales.
With this very complementary acquisition in terms of regional exposure, as well as commercial and technological capabilities, Arkema will accelerate its growth in specialty surfactants, in particular thanks to developments in new markets such as additives for nutrients, lithium extraction and oil & gas process aids.
"We are very pleased to welcome the ArrMaz teams. Their recognized formulation expertise, excellent reputation with customers and leadership positions in several niche markets are all assets that will contribute to accelerate the development of specialty surfactants within the Group," stated Thierry Le Hénaff, Chairman and CEO of Arkema.
Source: Arkema news release
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