Arkema Plans Major Acquisitions, to Divest its Vinyl Business

摘要

Colombes, France: France's leading chennicals producer, Arkema plans to acquire Chinese companies, Hipro Polymers - a producer of biosourced polyamide-10, 10 and Casda Biomaterials, a manufacturer of sebacic acid, derived from castor oil used to produce polyamide-10,10 for USD 365 million. These two companies are predominantly owned by a joint venture between Arkema's Feixiang Chemicals (Zhangjiagang) unit and private equity firm. Bain Capital.