Arkema has announced plans to acquire Polimeros Especiales, a Mexico-based producer of waterborne resins for applications in markets such as architectural and decorative paints, textiles, pressure-sensitive adhesives and construction.
According to Arkema, the company has become a key manufacturer of emulsions in the region, achieving sales of approximately USD $40 million in 2021. Polimeros Especiales employs 230 people.
Arkema says the planned acquisition is in line with its strategy to expand its Coating Solutions segment in growing markets and in low-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.
“Thanks to Polimeros Especiales, Arkema will develop new positions in the Mexican market, which is experiencing robust growth,” says Manuel Garcia, general manager of Arkema in Mexico. “The acquisition will ensure continuous strong support to our customers and will enable Arkema to broaden its product offering locally.”