Announced on July 16, the project for the acquisition by the Arkema subsidiary, Coatex of an acrylic additives and emulsions production site from Brazilian company Resicryl, was closed on October 1 as scheduled.
The production site that has been acquired, located in Araçariguama on the outskirts of Saõ Paulo, will be part of Coatex, which already runs commercial operations in Brazil. Current Coatex sales in Brazil and those from the new site will generate a turnover of around US$20M. The site’s production plants will be developed to Arkema’s full range of rheology additives and waterborne emulsions for the mineral industry, paper, construction, water treatment, paint and adhesives and cosmetics markets.
