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Arkema Plans to Sell Plastic Additives Business to Praana
ZACKS· 2025-12-24 16:46
Core Viewpoint - Arkema S.A. is proposing to sell part of its impact modifiers business and processing aids to the Indian group Praana to streamline operations and focus on strategic activities, with the sale expected to finalize in Q1 2026 [1][4]. Group 1: Business Divestment Details - The divestment includes global Methyl Methacrylate Butadiene Styrene (MBS) copolymers and European and Asian acrylic copolymers (AIMPA), which are part of Arkema's Coating Solutions segment, generating sales of €44 million in 2024 [1][7]. - Arkema will divest its production facility in Vlissingen, Netherlands, which employs 50 people, while retaining the Mobile plant and its American AIMPA businesses [2][7]. Group 2: Buyer Information - Praana, the prospective buyer, is a leader in specialty chemicals and composite materials, with a portfolio that includes Sterling Specialty Chemicals, Galata Chemicals, Artek Surfin Chemicals, and 3B Fibreglass, serving various markets such as construction, automotive, and personal care [3]. Group 3: Strategic Focus and Market Performance - The sale aligns with Arkema's strategy to refocus on higher value-added activities in Specialty Materials, as the company has seen its shares decline by 17.8% over the past year, compared to a 27.1% decline in the industry [4].