Arkema Plans to Acquire Organic Peroxide Business of GEO Specialty Chemicals
Arkema has announced a project to acquire the Organic Peroxide Business of the American company GEO Specialty Chemicals. With annual sales of approximately $30 million, this business shall reinforce the Performance Products segment of Arkema, in line with Arkema’s transformation strategy.
The Organic Peroxide Business of GEO Specialty Chemicals focuses on the manufacture and marketing of specialty products predominantly for the North American market.
"With this acquisition, Arkema will secure a solid industrial base in the United States for the production of specialty organic peroxides. The acquisition will strengthen our product range and market access in North America; it will bolster our position as a leader in the European market and reinforce our industrial capability worldwide. In addition, this acquisition creates significant synergies in raw material supply, organizational and logistics efficiency" explains Rich Rowe, Managing Director of Arkema’s Functional Additives business unit.
GEO’s organic peroxides are produced in Franklin, Va. This site will complement Arkema’s production in the Americas, which includes the Geneseo (N.Y.), Crosby (Texas), El Chapo (Mexico) and Rio Claro (Brazil) facilities.
This project is subject to approval by the competent antitrust authorities.