M&A Deal Summary

SK Global Chemical Acquires Arkema S.A. - Functional Polyolefins Business

On October 14, 2019, SK Global Chemical acquired chemicals company Arkema S.A. - Functional Polyolefins Business from Arkema for 335M EUR

Acquisition Highlights
  • This is SK Global Chemical’s 1st transaction in the Chemicals sector.
  • This is SK Global Chemical’s 0th largest (disclosed) transaction.
  • This is SK Global Chemical’s 1st transaction in France.

M&A Deal Summary

Date 2019-10-14
Target Arkema S.A. - Functional Polyolefins Business
Sector Chemicals
Buyer(s) SK Global Chemical
Sellers(s) Arkema
Deal Type Divestiture
Deal Value 335M EUR

Target

Arkema S.A. - Functional Polyolefins Business

Colombes, France
Arkema S.A.'s Functional Polyolefins Business is a provider of ethylene copolymers and terpolymers for the food packaging, cable, electronics, and coatings markets, and leverages well-known brands: Evatane®, Lotryl®, Lotader®, Orevac®.

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Buyer(S) 1

Buyer

SK Global Chemical

Jongno-Gu, South Korea

Category Company
Founded 2011
Sector Chemicals
Employees1,022
Revenue 11.9B USD (2018)
DESCRIPTION

SK Global Chemical Co., Ltd. is a global chemical company, that provides various products and solutions that customers and markets want, and are growing into a technology-based global chemical company through endless R & D and global business expansion. SK Global Chemical Co., Ltd. was founded in 2011 and is based in Jongno-Gu, South Korea.


DEAL STATS #
Overall 2 of 2
Sector (Chemicals) 1 of 1
Type (Divestiture) 1 of 1
Country (France) 1 of 1
Year (2019) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-06-19 Loop Industries

Terrebonne, Quebec, Canada

Loop Industries is a technology company that accelerates the world’s shift toward sustainable PET plastic and polyester fiber and away from dependence on fossil fuels. Loop owns patented and proprietary technology that depolymerizes no and low-value waste PET plastic and polyester fiber, including plastic bottles and packaging, carpets and textiles of any color, transparency or condition, and even ocean plastics that have been degraded by the sun and salt, to its base building blocks (monomers). The monomers are filtered, purified, and polymerized to create virgin-quality Loop branded PET resin and polyester fiber suitable for use in food-grade packaging, thus enabling our customers to meet their sustainability objectives. Loop Industries was formed in 2010 and is based in Terrebonne, Quebec.

Buy -

Seller(S) 1

SELLER

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 4 of 7
Sector (Chemicals) 3 of 4
Type (Divestiture) 4 of 7
Country (France) 2 of 3
Year (2019) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-30 Lambson

Wetherby, United Kingdom

Lambson Ltd. provides photoinitiators for curing, a technology meeting the demands of cutting-edge markets such as electronics, 3D printing, digital ink, composites and high performance coatings. Lambson Ltd. was founded in 1960 and is based in Wetherby, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-07-20 Fixatti

Nazareth, Belgium

Fixatti is a company specialized in high-performance thermobonding adhesive powders. Fixatti was founded in 2018 and is based in Nazareth, Belgium.

Buy -