# Arkema acquires full ownership of Sunke joint venture in China

Arkema completed the acquisition of its partner's stake in Taixing Sunke Chemicals, its joint venture manufacturing acrylic monomers in China, becoming sole shareholder. The transaction had an approximately €70 million impact on net debt.

- Type: Acquisition
- Announced: 2019-09-27
- Where: Taixing, China
- Value: $77.0M (70.0M EUR)
- Status: completed
- Products: acrylic monomers
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [Arkema](https://endata.com/companies/7031.md) (acquirer)
- [Lambson](https://endata.com/companies/37955.md) (target)
- [Prochimir](https://endata.com/companies/39982.md) (target)
- [Taixing Sunke Chemicals](https://endata.com/companies/42368.md) (target)

## Sources

- [arkema.com](https://www.arkema.com/global/en/media/newslist/news/global/corporate/2019/20190927-arkema-finalise-l/), 2019-09-27: "With this transaction, which has approximately €70 million impact on the net debt, the Group will support the growth of its customers in Asia."
- [finanznachrichten.de](https://www.finanznachrichten.de/nachrichten-2019-09/47778163-arkema-completes-the-acquisition-of-its-partner-s-stake-in-sunke-004.htm), 2019-09-27: "With this transaction, which has approximately €70 million impact on the net debt, the Group will support the growth of its customers in Asia."
- [inkworldmagazine.com](https://www.inkworldmagazine.com/breaking-news/arkema-completes-acquisition-of-partners-stake-in-sunke/), 2019-10-01: "Arkema has completed the acquisition of its partner's stake in Taixing Sunke Chemicals, its joint venture manufacturing acrylic monomers in China, and now becomes the sole shareholder of the company."
- [arkema.com](https://www.arkema.com/global/en/media/newslist/news/global/corporate/2019/20191001-arkema-finalise-l/), 2019-10-01: "These two acquisitions will contribute to further strengthening the share of specialties in the Group’s portfolio."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.