17.05.2019 • NewsArkemaElaine Burridge

Arkema Boosts Specialties with ArrMaz Buy

Arkema Boosts Specialties with ArrMaz Buy
Arkema Boosts Specialties with ArrMaz Buy

Arkema has agreed to buy ArrMaz, a US-based producer of specialty surfactants for crop nutrition, mining and infrastructure, from private equity group Golden Capital for $570 million.

The French chemical company said the “milestone” acquisition is another step toward its target of achieving more than 80% of sales in specialties by 2023.

ArrMaz has sales of $290 million and employs 400 people across nine manufacturing sites around the world. Dave Thomas, managing director at Golden Gate Capital, said that  during its ownership ArrMaz has significantly expanded its global footprint, particularly in the Middle East and Africa, through acquisitions and new plant openings.

The transaction will combine Arkema’s and ArrMaz’s complementary expertise in differentiated formulations, technologies and geographic reach for specialty surfactants. Arkema said it will be well positioned to accelerate its growth in legacy markets and to enter new segments (additives for nutrients, lithium extraction and oil & gas process aids) with the expectation of delivering above-GDP growth.

The transaction is expected to close this summer, subject to regulatory approval. Arkema will then integrate ArrMaz into its Performance Additives business unit, which along with Adhesives and Technical Polymers, will drive growth of the High Performance Materials division.

The combined group is anticipating synergies of around $15 million by 2023, mostly in purchasing and commercial operations.

Golden Capital has owned ArrMaz since December 2012 when it bought the company from New York-based private equity owner Snow Phipps.

Innovation Pitch

The Start-up Platform for Chemistry & Life Sciences
Discover Tomorrow’s Innovators

The Start-up Platform for Chemistry & Life Sciences

CHEManager Innovation Pitch supports innovation in the chemistry and life sciences start-up scene. The platform allows founders, young entrepreneurs, and start-ups to present their companies to the industry.

Interview

Specialty Chemicals in a Shifting World
Adapting to Tariffs and Strengthening Regional Networks

Specialty Chemicals in a Shifting World

Jennifer Abril, President & CEO of SOCMA, discusses the impact of new tariffs and the importance of regional supply networks in the specialty chemical industry.

most read

Photo
22.04.2025 • News

BASF Divests Two Joint Ventures in China

BASF has divested its shares in the joint venture companies, BASF Markor Chemical Manufacturing (Xinjiang) Co., Ltd. and Markor Meiou Chemical (Xinjiang) Co., Ltd. in Korla, China, to Verde Chemical Singapore Pte. Ltd.

Photo
19.03.2025 • News

Arkema Launches Acrylic Acid Purification Project

Arkema has announced the launch of its Carat Project at its Carling site in France. This initiative aims to enhance the capabilities and sustainability of the facility, which specializes in producing acrylic monomers and superabsorbent polymers.