Arkema plans to acquire Agiplast, a company specialized in the regeneration of high performance polymers and its historical partner in recycling operations. The company, with annual sales of approximately €15 million, operates a plant in Italy and has 32 employees.
Arkema has been actively pursuing its sustainable growth strategy in the polymer industry, and the planned acquisition of Agiplast fits that strategy nicely.
Agiplast is a leader in the regeneration of high performance polymers, in particular specialty polyamides and fluoropolymers. With the addition, Arkema will be able to offer full service to customers in terms of materials circularity, addressing growing market expectations in this field.
In October 2019, Arkema, the world leader in bio-based high performance polymers, had already launched Virtucycle with Agiplast, aimed at developing loops for the collection and regeneration of high performance polymers while minimizing CO2 emissions.
With this acquisition, Arkema will be the first fully integrated high performance polymer manufacturer offering both bio-based and recycled materials in order to address the challenges of resource scarcity and end-of-life products. This bolt-on acquisition is thus in line with Arkema’s CSR and sustainable growth strategy.
The deal is expected to close in June 2021.
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