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Arkema Plans To Divest Sunclear Unit To Commercial Partner BF Invest

June 18, 2015
Chemical Value Chain
(RTTNews.com) – French chemicals company Arkema SA Thursday announced plans to divest its plastic and aluminium sheet distribution business, Sunclear subsidiary, to BF Invest, a historical commercial partner of Sunclear.
 
The company said the project is consistent with its program to divest 700 million euros sales aimed at pursuing the firm’s strategy to refocus on its core business. The project is subject to the trade union information and consultation process and to the approval of the antitrust authorities in France.
 
Arkema has just launched an information and consultation process involving personnel representative bodies with a view to selling off its Sunclear subsidiary.
 
Sunclear, part of the PMMA business, represents sales of some 180 million euros and an enterprise value of 105 million euros. It has 354 employees in Europe.
 
Sunclear markets a wide range of products including polycarbonate sheets, polymethyl methacrylate (PMMA) sheets, and PVC panels.

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