The divested business, which employs some 860 people and operates 7 production sites, joins Trinseo.
Anthony Locicero, Associate editor05.03.21
The divestment of Arkema’s PMMA business to Trinseo was finalized, the company announced.
Following the announcement made on Dec. 14, Arkema’s and Trinseo’s teams have carried out all the steps leading to the closing of the transaction, according to the former.
The divested business, which employs some 860 people and operates 7 production sites (four in Europe and three in North America), will thus be joining Trinseo, a company specialized in the production of plastics, synthetic rubber and latex binders.
The net proceeds of the divestment, based on an enterprise value of €1,137 million, will take into account a capital gains tax estimated at around 15% of this amount.
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