Arkema Announces Project for Divestment of Its Coating Business in South Africa
December 13, 2013
Announces plan to divest its two South African subsidiaries to Ferro Industrial Products Proprietary Limited
Arkema announces a plan to divest its two South African subsidiaries, Arkema Resins Proprietary Limited and Harveys Composites Proprietary Limited, to a South African company, Ferro Industrial Products Proprietary Limited, that specializes in the production and distribution of coatings and materials for composite markets. Through this divestment, Arkema will dispose of non-strategic activities - such as resins for composite materials - which represent few synergies with the remainder of its coating activities.