Arkema plans to acquire Repsol YPF’s PMMA business

Thu, 20 December 2007

Arkema announces the planned acquisition of the PMMA sheet and block production activity from the Repsol YPF group.

According to Christophe de Saint Louvent, Group President of Arkema’s PMMA and Methacrylics business, “this acquisition represents an excellent growth opportunity in a segment in which Altuglas International enjoys real expertise. It will allow us to boost our leading position in PMMA sheet in Europe". Repsol YPF’s PMMA sheet and block business currently operates from manufacturing sites in Bronderslev, Denmark, and Polivar, Italy. It employs 125 people, and achieves annual sales of around € 30 M.

This acquisition project marks a further step in Arkema’s transformation drive, in particular through its dynamic portfolio management.

Source: Plastinfo.ru

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