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    Home > Coatings News > Paints and Coatings Market > South Korea's SK Chemical acquires Acoma's functional polyolefin business for 335 million euros

    South Korea's SK Chemical acquires Acoma's functional polyolefin business for 335 million euros

    • Last Update: 2019-10-18
    • Source: Internet
    • Author: User
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    skglobalchemical, a subsidiary of South Korea's SK Innovations, said on October 15th it would buy the functional polyolefin-related business of French chemical giant Acoma to strengthen its competitiveness in the packaging sector for 335 million eurosAcoma said in a press release on October 14th that the functional polyolefin business, as part of its PMMA business unit (industrial specialty division), had annual sales of about 250 million eurosThe sale is part of Akoma's plan to spin off its non-strategic business in 2015this is the first time sK's innovative subsidiary has acquired a European company's businessSK General Chemical's Board of Directors voted to approve the acquisition, which is scheduled to be completed by the second quarter of 2020it is learned that SK Integrated Chemical will acquire Acoma's three production facilities in France and ethylene-acrylic copolymers, ethylene-acrylic complexes, ethylene-vinyl acetate copolymers, MAH graft polymer4 products operating rights, as well as related technology and personnel
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