# Arkema divests Febex to Prayon

Arkema finalized the divestment of Febex, a phosphorus-based chemistry company, to Belgian group Prayon on January 3, 2023. Febex produces phosphorus derivatives for electronics and pharmaceuticals, with sales of around €30 million in 2021 and 59 employees at one site in Switzerland.

- Type: Acquisition
- Announced: 2023-01-03
- Where: Switzerland, Switzerland
- Status: completed
- Products: high-purity phosphoric acid, sodium hypophosphite, phosphorus derivatives
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [Arkema](https://endata.com/companies/7031.md)
- [Febex](https://endata.com/companies/67701.md) (target)
- [Prayon](https://endata.com/companies/67702.md) (acquirer)

## Sources

- [adhesivesmag.com](https://www.adhesivesmag.com/articles/99913-arkema-finalizes-the-divestment-of-febex), 2023-01-05: "Arkema finalized the divestment of Febex, a company specialized in phosphorus-based chemistry, to Belgian group Prayon on January 3, 2023."

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