Prochimir SAS, a specialist in high-performance thermobonding and technical films, has joined forces with Arkema, a designer of innovative materials and solutions.
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.
Arkema's adhesives subsidiary Bostik is buying Prochimir, a French producer of thermobonding adhesive films, for an undisclosed sum. Prochimir has annual sales of about $33 million and 85 employees. The deal is expected to close by year-end 2019.
Arkema announced that Bostik plans to acquire Prochimir, a company specializing in high-performance thermobonding adhesive films.