Arkema acquires specialty surfactants maker ArrMaz

摘要

Arkema announced on Thursday that it is to acquire ArrMaz Products (Mulberry, Florida), a producer of specialty surfactants for crop nutrition, mining, and infrastructure, from Golden Gate Capital for $570 million. ArrMaz has sales of some $290 million, an EBITDA margin of 18%, and around 2.5% of capex to sales. The acquisition reinforces Arkema’s specialty chemicals portfolio. Arkema has identifed synergies of some $15 million by 2023, mainly in the purchasing and commercial felds. The acquisition is expected to have an accretive impact on cash and earnings per share from the frst year of integration and will contribute to the group’s 2020 and 2023 objectives.