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MOSCOW (MRC) -- Arkema has completed
the acquisition of Colorado Photopolymer Solutions (CPS), a US-based provider of
photopolymer formulation services, according to Kemicalinfo.
The deal was completed
earlier this month. The financial terms of the deal have not been
disclosed.
CPS is a developer and marketer of value-added, formulated
photopolymer resin solutions for energy curing technology, especially for
three-dimensional (3D) printing markets.
Its formulation and materials
design expertise, supported by ‘strong innovation capabilities’, will enable
photocure resins and photoinitiators leader Sartomer to further support its
customer base and other partners.
According to Arkema, the
acquisition aligns with its strategy of becoming a pure speciality materials
player by the year 2024.
“The project will foster the development of an
integrated offering of customised and formulated additive manufacturing
solutions to accelerate the design of turnkey solutions for the 3D printing
market,” Arkema said in a press statement.
“The deal would complement
Sartomer’s expertise, as well as resin solutions,” it added.
As MRC reported earlier,
Arkema said in June, 2020, that it had finalized the divestment of its
functional polyolefins business to SK Global Chemical. The divestment was
announced last year. Arkema says the sale forms part of its strategy to refocus
the group’s activities on specialty materials.
According to MRC's ScanPlast report,
Russia's estimated PE consumption totalled 1,760,950 tonnes in the first ten
months of 2020, up by 3% year on year. Only high density polyethylene (HDPE) and
linear low density polyethylene (LLDPE) shipments increased. At the same time,
PP shipments to the Russian market reached 978,870 tonnes in
January-October 2020 (calculated using the formula: production minus exports
plus imports minus producers' inventories as of 1 January, 2020). Supply of
exclusively of PP random copolymer increased.
Arkema is a global
manufacturer in specialty chemicals and advanced materials, with 3 business
segments - High Performance Materials, Industrial Specialties, and Coating
Solutions - and globally recognized brands. The Group reports annual sales of
EUR8.8 billion. Buoyed by the collective energy of its 20,000 employees, Arkema
operates in close to 55 countries. |
