MOUNT LAUREL, NJ (July 10, 2012) – PMC Group N.A., Inc. (“PMC”) announced today that is has reached an agreement to acquire Arkema’s global organometallics (the “Business”). All employees directly involved in the Business will be given the opportunity to transfer to PMC as part of the transaction on substantially the same terms as they currently enjoy.
The Business includes Arkema’s global organotin and organophosphine based polymer stabilizers, catalysts and fine chemicals product lines. The transaction will include manufacturing sites in Carrolton, Kentucky, Beijing, China and certain assets in Mobile, Alabama. Additionally, Arkema will toll manufacture certain products in Vlissingen, The Netherlands for PMC post-closing. The Business, which holds leading global positions in its key product lines has annual revenues of approximately €180 million.
Commenting on the transaction, Debtosh Chakrabarti, President said, “This is another exciting step in the growth story of PMC and we are very encouraged to have Arkema’s organometallics team join the PMC Group family. We believe that the business’ customer base will benefit significantly from combining the technology base and experience of the of the organometallics business with PMC’s global capabilities and focus on innovative solutions and technical service.”