Arkema takes over Seppic speciality alcoxylate business
Arkema has completed the purchase of Seppic's speciality alcoxylate business, as announced on 8 November 2011.
Alcoxylates are speciality polyols and alcoxylated surfactants which are mainly used to manufacture certain rheological additives for paint, and are also used as ultra-high-performance concrete additives for high-tech civil engineering structures, such as high-rise buildings and bridges.
Arkema said the new specialties range produced on its site in Antwerp, Belgium, would allow it to broaden its speciality surfactant range intended in particular for niche markets such as warm asphalt mix for road construction, industrial detergency, and the oil and gas business industries.
Arkema said the acquired speciality alcoxylate business would be part of its subsidiary Specialty Chemicals BU (CECA) within its performance products business segment, which generated sales of €47m in 2010.
CECA, along with two research centres (GRL and CRRA), develops adsorbents, chemical intermediates and additives, and operates an extensive network of industrial facilities in Europe.
The acquisition is also expected to help Arkema subsidiary, Coatex, to leverage the development of the additives it currently manufactures and markets.
Coatex produces rheology additives which are used in various applications such as paint, paper, minerals processing, detergency, concrete, plaster, ceramics and water treatment.
Arkema creates a revenue of €5.9bn a year with operations in more than 40 countries and holds various positions in all its markets with a product portfolio of internationally recognised brands.