Trinseo to acquire Arkema’s PMMA/ MMA business for $1.4 billion

摘要

Arkema has agreed on the proposed sale of its polymethyl methacrylate (PMMA) and methyl methacrylate (MMA) business to Trinseo for an enterprise value of €1.137 billion ($1.381 billion), after announcing in April that it was considering divesting the business. The sale is “fully in line with Arkema’s ambition to become a pure specialty materials player by 2024,” the company says. The ofer values the PMMA/MMA business at 9.3 times its estimated 2020 EBITDA. The deal, subject to approval by the relevant antitrust authorities and to an information and consultation process involving Arkema’s employee representative bodies, is expected to be fnalized by mid-2021.