M&A Deal Summary

Arkema Acquires PI Advanced Materials

On December 1, 2023, Arkema acquired chemicals company PI Advanced Materials from Glenwood Private Equity

Acquisition Highlights
  • This is Arkema’s 17th transaction in the Chemicals sector.
  • This is Arkema’s 1st transaction in South Korea.

M&A Deal Summary
Date 2023-12-01
Target PI Advanced Materials
Sector Chemicals
Buyer(s) Arkema
Sellers(s) Glenwood Private Equity
Deal Type Divestiture

Target

PI Advanced Materials

Seoul, South Korea
PI Advanced Materials (PIAM) is a producer of polyimide film for advanced industries such as display, semiconductors, and electric vehicles. PI Advanced Materials is based in Seoul, South Korea.

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Buyer(S) 1

Buyer

Arkema

Colombes, France
Category Company
Founded 2003
Sector Chemicals
Employees21,100
Revenue 9.5B EUR (2023)
DESCRIPTION

Arkema is a chemical producer company. 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 22 of 24
Sector (Chemicals) 17 of 18
Type (Divestiture) 5 of 5
Country (South Korea) 1 of 1
Year (2023) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-05-17 Polytec PT

Karlsbad, Germany

Polytec PT develops and manufactures thermal interface materials for batteries and engineering adhesives for the electronics market. It has developed a strong expertise in thermal interface materials which are key to enabling fast battery charging and efficient heat dissipation. Polytec PT is based in Karlsbad, Germany.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-12-14 Arc Building Products

Wicklow, Ireland

Arc Building Products specializing in tile adhesives, floor preparation systems, building chemicals and sealing & bonding solution. Arc Building Products is based in Wicklow, Ireland.

Buy -

Seller(S) 1

SELLER

Glenwood Private Equity

Investor Investor Investor Investor Investor

Category Private Equity Firm
PE ASSETS 3.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

DEAL STATS #
Overall 1 of 1
Sector (Chemicals) 1 of 1
Type (Divestiture) 1 of 1
Country (South Korea) 1 of 1
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-05-03 Invitros

Seoul, South Korea

Invitros is a healthcare company specializing in in-vitro diagnostics, particularly for allergy, tuberculosis and respiratory virus infection tests.

Buy -
Mergr

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