Arkema to acquire Mexican emulsion resins producer Polimeros Especiales


Arkema, a French specialty chemicals company, has agreed to acquire Polimeros Especiales, an emulsion resins producer in Mexico, for an undisclosed price.

Polimeros Especiales is engaged in producing high performance waterborne resins for a variety of applications in markets like textiles, decorative and architectural paints, construction, and pressure sensitive adhesives.

In 2021, the Mexican emulsion resins producer registered nearly $40 million in sales.

See also  HCLTech expands global cybersecurity footprint with advanced center in Mexico

Polimeros Especiales has a workforce of 230 people.

Directors of Polimeros Especiales stated: “We are proud to be joining forces with Arkema and together, we will further develop innovative waterborne solutions for more sustainable resin offerings in the dynamic American market.”

For Arkema, the acquisition of the emulsion resins producer in Mexico fully aligns with the expansion strategy of its coating solutions segment in emerging markets and in low-volatile organic compound solutions.

See also  Tragic Christmas carnage: 12 dead in brutal attack at Salvatierra party

According to the French specialty chemicals company, waterborne is among its key solvent-free technologies along with powder, ultraviolet/light emitting diode/electron beam as well as high-solid systems.

Manuel Garcia — Arkema Mexico General Manager said: “Thanks to Polimeros Especiales, Arkema will develop new positions in the Mexican market, which is experiencing robust growth. The acquisition will ensure continuous strong support to our customers and will enable Arkema to broaden its product offering locally”.

See also  Woodside Energy bets $7.2bn on Mexico's Trion oil field, targets first oil in 2028

The deal, which is subject to antitrust clearances, is likely to close in the third quarter of this year.

Share This