(arkema) -- Arkema Coating Resins, a
business unit of Arkema, has announced the sale of the Peninsula Polymers
business, a national distributor of coatings raw materials headquartered in
North Kansas City, MO. The business has been purchased by an investment group
led by the current management team; terms of the sale were not
The distributor was acquired by Arkema Inc. as part of the
purchase of the coating resins business of Cook Composites and Polymers in 2011.
Peninsula Polymers will continue to represent certain Arkema Coating Resins
lines in North America.
"We are pleased to announce the sale has been
closed, and that Peninsula Polymers will continue to distribute our products,"
said Richard D. Jenkins, global group president for Arkema Coating Resins. "We
believe that the change of ownership will be smooth and seamless, and is in the
best long term interest of our customers now being served by Peninsula