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Announces plan to divest its two South African subsidiaries to Ferro Industrial Products Proprietary Limited
December 13, 2013
By: Bridget Klebaur
Director of Performance + Engagement / Chief Performance Officer, Office of the Commissioner, NYC Department of Design and Construction
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.
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