Announced on July 16th this year, the project for the acquisition by the Arkema subsidiary Coatex of an acrylic additives and emulsions production site from Brazilian company Resicryl, was closed on October 1st 2012 as scheduled.

The production site that has been acquired, located in Araçariguama on the outskirts of Saõ Paulo, will be part of Coatex which already runs commercial operations in Brazil.

Current Coatex sales in Brazil and those from the new site will generate a turnover of around $20 million.

The site's production plants will gradually be developed to manufacture without delay Arkema's full range of rheology additives and waterborne emulsions for the mineral industry, paper, construction, water treatment, paint and adhesives, and cosmetics markets.

A subsidiary of the Arkema Group, Coatex specializes in the manufacture and marketing of flow additives used in a large number of markets, including paper, paint and adhesive, the treatment of minerals, detergence, concrete, ceramics, cosmetics, water treatment, textile and leather. Coatex reported sales of around €180 million in 2011.