# SK Global Chemical delays purchase of Arkema's functional polyolefins business

SK Global Chemical delayed by one month its purchase of Arkema's functional polyolefins business for about $370 million, now expected to close May 11, 2020.

- Type: Acquisition
- Announced: 2020-04-20
- Where: France, France
- Value: $370.0M
- Status: announced
- Products: functional polyolefins
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md), [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md)

## Companies

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

## Sources

- [everchem.com](https://everchem.com/chemical-ma-stalls/), 2020-04-20: "The pandemic has also delayed by a month SK Global Chemical’s purchase of Arkema’s functional polyolefins business for about $370 million."
- [arkema.com](https://www.arkema.com/global/en/media/newslist/news/global/corporate/2020/20200602-arkema-finalise-l/), 2020-06-02: "The sale of Arkema’s Functional Polyolefins business to SK Global Chemical was finalized on June 1st and is fully in line with the strategy to refocus the Group’s activities on Specialty Materials."
- [skinnonews.com](https://skinnonews.com/global/archives/1058), 2020-06-02: "SK Global Chemical announced that it completed acquisition of the high-performance polymer business of Arkema."
- [askinno.com](https://askinno.com/global/archives/1058), 2020-06-02: "SK Global Chemical completed acquisition of the high-performance polymer business of Arkema."
- [en.yna.co.kr](https://en.yna.co.kr/view/AEN20200603002500320), 2020-06-03: "SK Global Chemical Co. said Wednesday it has completed the acquisition of French chemical firm Arkema S.A.'s functional polyolefins business for 335 million euros."
- [canplastics.com](https://www.canplastics.com/packaging/sk-global-chemical-completes-acquisition-of-arkemas-functional-polyolefins-business/1003453194/), 2020-06-03: "SK Global Chemical Co., a chemical affiliate of South Korea’s energy company SK Innovation Co., has completed its acquisition of French chemical firm Arkema S.A.’s functional polyolefins business for US$375 million."
- [bioplasticsnews.com](https://bioplasticsnews.com/2020/06/07/sk-chemical-acquisition-polymers-green-strategy/), 2020-06-07: "We will transform into a value-added global material company by developing future growth engines like 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.