# SK Global Chemical to acquire Arkema's functional polyolefins business for €335M

SK Global Chemical, a chemical affiliate of SK Innovation, announced it will acquire French chemical firm Arkema's functional polyolefins business for 335 million euros ($369 million). The acquisition includes three France-based production facilities and is expected to be finalized by Q2 2020.

- Type: Acquisition
- Announced: 2019-10-15
- Where: France
- Value: $369.0M (335.0M EUR)
- Status: announced
- Products: functional polyolefins, adhesive for multilayer packaging
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md), [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md)

## Companies

- [Arkema](https://endata.com/companies/7031.md) (target)
- [SK Global Chemical Co.](https://endata.com/companies/21935.md) (acquirer)

## Sources

- [en.yna.co.kr](https://en.yna.co.kr/view/AEN20191015001800320), 2019-10-15: "This will give SK Global Chemical the competitive edge in American and European markets, where packaging industries are high value, while maximizing the synergy between previously acquired and new businesses."
- [businesskorea.co.kr](https://www.businesskorea.co.kr/news/articleView.html?idxno=36999), 2019-10-15: "SK Global Chemical has signed a contract to acquire the functional polyolefin business of Arkema, a France-based global manufacturer of specialty chemicals and advanced materials."
- [plasteurope.com](https://www.plasteurope.com/news/ARKEMA_t243669/), 2019-10-18: "Arkema has agreed to sell its Functional Polyolefins to SK Global Chemical."
- [fkcci.com](https://www.fkcci.com/actualites/n/news/sk-global-chemical-to-acquire-arkemas-functional-polyolefins-biz.html), 2019-11-07: "SK Global Chemical said Oct.15 it will acquire French chemical firm Arkema’s functional polyolefins business for 335 million euros ($369 million) in the latest move to boost its packaging business."

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