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  6. Arkema Acquires Dow - Packaging & Specialty Plastics segment

M&A Deal Summary

Arkema Acquires Dow - Packaging & Specialty Plastics segment

On May 2, 2024, Arkema acquired chemicals company Dow - Packaging & Specialty Plastics segment from Dow for 150M USD

Acquisition Highlights
  • This is Arkema’s 19th transaction in the Chemicals sector.
  • This is Arkema’s 4th largest (disclosed) transaction.
  • This is Arkema’s 12th transaction in the United States.
  • This is Arkema’s 2nd transaction in Michigan.

M&A Deal Summary
Date 2024-05-02
Target Dow - Packaging & Specialty Plastics segment
Sector Chemicals
Buyer(s) Arkema
Sellers(s) Dow
Deal Type Divestiture
Deal Value 150M USD

Target

Dow - Packaging & Specialty Plastics segment

Midland, Michigan, United States
Dow's Packaging & Specialty Plastics segment includes Solvent-Based and Solventless Laminating Adhesives and Heat Seal Coating product portfolios. Dow's Packaging & Specialty Plastics segment is based in Midland, Michigan.

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Buyer(S) 1

Buyer

Arkema

Colombes, France
Category Company
Founded 2003
Sector Chemicals
Employees21,150
Revenue 9.5B EUR (2024)
DESCRIPTION

Arkema is a chemical producer. Arkema organized its activities into 3 complementary business segments: High Performance Materials: Technical polymers (Specialty polyamides and Fluoropolymers), Filtration and Adsorption (CECA), Organic Peroxydes, Specialty Adhesives (Bostik). Industrial Specialties: Thiochemicals, Fluorochemicals, PMMA (Altuglas International), Hydrogen Peroxides. Coating Solutions: Acrylics, Coating resins, Photocure resins (Sartomer) Rheology Additives (Coatex). Arkema was founded in 2003 and is based in Colombes, France.

DEAL STATS #
Overall 25 of 25
Sector: Chemicals M&A 19 of 19
Type: Divestiture M&A Deals 6 of 6
State: Michigan M&A 2 of 2
Country: United States M&A 12 of 12
Year: 2024 M&A 2 of 2
Size (of disclosed) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-04-17 proionic

Raaba, Austria

proionic is a provider of producing and developing ionic liquids, key components for the next generation of lithium-ion batteries. proionic was founded in 2003 and is based in Raaba, Austria.

Buy -

Seller(S) 1

SELLER

Dow

Midland, Michigan, United States
Category Company
Founded 2018
Sector Chemicals
Employees37,800
Revenue 43.0B USD (2024)
DESCRIPTION
Dow Chemical's corporate headquarters in Midland, Michigan.
Dow Chemical's corporate headquarters in Midland, Michigan.

Dow produces specialty chemicals, advanced materials, agrosciences, and plastics and delivers a range of technology-based products and solutions to customers in sectors that include packaging, electronics, water, coatings, and agriculture. Dow was founded in 2018 and is based in Midland, Michigan.

DEAL STATS #
Overall 19 of 20
Sector: Chemicals M&A 14 of 14
Type: Divestiture M&A Deals 15 of 16
State: Michigan M&A 6 of 6
Country: United States M&A 15 of 16
Year: 2024 M&A 1 of 1
Size (of disclosed) 6 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-07-06 The Dow Chemical Co. - Rail Assets

Michigan, United States

The Dow Chemical Co. - Rail Assets comprises rail infrastructure assets and related equipment at six major North American sites.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-06-20 Circulus

Houston, Texas, United States

Circulus utilizes cutting-edge technologies to transform olefin plastics into resins suitable for various commercial and industrial applications. Circulus is based in Houston, Texas.

Buy -
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