# Arkema finalizes acquisition of 54% stake in PI Advanced Materials

Arkema finalized on 1 December 2023 the acquisition of Glenwood Private Equity's 54% stake in South Korean company PI Advanced Materials, based on a €728 million enterprise value.

- Type: Acquisition
- Announced: 2023-12-01
- Where: South Korea, South Korea
- Value: $790.0M (728.0M EUR)
- Status: completed
- Products: polyimide films
- 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) (acquirer)
- [Glenwood Private Equity](https://endata.com/companies/20593.md) (partner)
- [PI Advanced Materials](https://endata.com/companies/57676.md) (target)

## Sources

- [businesswire.com](https://www.businesswire.com/news/home/20231130119627/en/Arkema-Finalizes-the-Acquisition-of-Its-54-Stake-in-PI-Advanced-Materials), 2023-12-01: "Arkema finalized on 1st December 2023 the acquisition of Glenwood Private Equity's 54% stake in the listed South Korean company PI Advanced Materials (PIAM)."
- [arkema.com](https://www.arkema.com/global/en/media/newslist/news/global/corporate/2023/20231201-closing-piam/), 2023-12-01: "Arkema finalized on 1 December 2023 the acquisition of Glenwood Private Equity's 54% stake in the listed South Korean company PI Advanced Materials (PIAM)."

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