Arkema to Acquire Polimeros Especiales
Polimeros Especiales produces high-performance waterborne resins for a broad range of applications in markets such as architectural and decorative paints, textiles, pressure sensitive adhesives and construction.
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Polimeros Especiales (Cuautitlán Izcalli, Mexico) is a privately owned producer of high performance waterborne resins for a broad range of applications in markets such as architectural and decorative paints, textiles, pressure sensitive adhesives and construction. The company has become a key manufacturer of emulsions in the region, achieving sales of around $40 million in 2021 and employing 230 people.
This planned acquisition is in line with Arkema’s (Colombes, France) strategy to expand its Coating Solutions segment in growing markets and in low-volatile organic compound (VOC) solutions. Waterborne is one of Arkema’s key solvent-free technologies, together with powder, ultraviolet/light-emitting diode/electron beam and high-solid systems.
According to Manuel Garcia, general manager of Arkema in Mexico, “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.”
The directors of Polimeros Especiales, add, “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.”
This project, which is subject to approval by antitrust authorities, is expected to be finalized in Q3 2022.
