Arkema | February 22, 2022
Arkema is expanding its offer of engineering adhesives with the planned acquisition of Shanghai Zhiguan Polymer Materials (PMP), specialized in hot-melt adhesives for the consumer electronics market. This project is in line with Bostik’s strategy to build a strong position in the attractive engineering adhesives market and to accelerate its development in the fast-growing electronics market, especially in Asia.
Arkema is announcing the planned acquisition of Chinese company PMP (Shanghai Zhiguan Polymer Materials), which specialises in reactive hot-melt polyurethane (HMPUR) adhesives and generates over €1 million in annual sales. These adhesives are mainly dedicated to the consumer electronics market and are used in the bonding of mobile phones, tablets, laptops and connected objects.
Thanks to its expertise in formulating innovative solutions and its recognized know-how in processes and R&D, PMP has developed solid positions in the very demanding and high-added-value consumer electronics market. With this acquisition, Bostik will strengthen its portfolio of technologies in engineering adhesives, where the Group already has a robust know-how in cyanoacrylate, MMA and UV technologies, developed notably through the acquisitions of Afinitica, Nitta and AEC Polymers.
Thanks to strong technological and commercial complementarities, this bolt-on acquisition offers many development synergies, and will contribute to substantially accelerating Bostik’s expansion in the fast-growing consumer electronics market in Asia.
This operation is scheduled to close in Q1 2022.
Building on its unique set of expertise in materials science, Arkema offers a portfolio of first-class technologies to address ever-growing demand for new and sustainable materials. With the ambition to become in 2024 a pure player in Specialty Materials, the Group is structured into 3 complementary, resilient and highly innovative segments dedicated to Specialty Materials -Adhesive solutions, Advanced Materials, and Coating Solutions- accounting for some 82% of Group sales in 2020, and a well-positioned and competitive Intermediates segment. Arkema offers cutting-edge technological solutions to meet the challenges of, among other things, new energies, access to water, recycling, urbanization and mobility, and fosters a permanent dialogue with all its stakeholders. The Group reported sales of around €8 billion in 2020, and operates in some 55 countries with 20,600 employees worldwide.
The Chemours Company | July 27, 2021
The Chemours Company, a global chemistry company with market leadership positions in Titanium Technologies, Thermal & Specialized Solutions, Advanced Performance Materials, and Chemical Solutions, has entered into a definitive agreement to sell its Mining Solutions business to Draslovka Holding a.s. for $520 million in cash (representing 10 times 2020 Adjusted EBITDA)1. Subject to regulatory approvals and other normal closing conditions, the deal is anticipated to complete in the fourth quarter of 2021.
Chemours' financial adviser is Gordon Dyal & Co. Advisory Group LP, while its legal advisor is Wachtell, Lipton, Rosen & Katz. Draslovka's transactional adviser and financing arranger is J.P. Morgan, its legal counsel is Dentons, and its financial and tax advisor is PwC.
About The Chemours Company
The Chemours Company is a global leader in Titanium Technologies, Thermal & Specialized Solutions, Advanced Performance Materials, and Chemical Solutions, offering market-defining products, application expertise, and chemistry-based breakthroughs to clients across a wide variety of sectors. We provide a customized solution using diverse industrial and specialty chemicals for markets such as coatings, plastics, refrigeration, air conditioning, transportation, semiconductor and consumer electronics, general industrial, mining, and oil and gas. Ti-Pure, Opteon, Freon, Teflon, Viton, Nafion, and Krytox are some of our most well-known names. In addition, Chemours was named one of America's Most Responsible Companies by Newsweek in 2019. The company employs approximately 6,500 employees and has 30 production facilities, servicing approximately 3,300 clients in 120 countries. Chemours' headquarters are located in Wilmington, Delaware.
About Draslovka Holding a.s.
Draslovka Holding a.s. is a global leader in cyanide-based chemical specialties and agricultural chemicals such as next-generation fumigants and biocides. It is a private holding company located in the Czech Republic owned by four Czech families that operate together through dp partners, a leading family office situated in Prague. Draslovka has over 100 years of experience producing hydrogen cyanide (HCN) and HCN chemistry and specializes in the production of completely synthetic and highly purified liquid HCN, which is then processed for use in a range of downstream products ranging from mining to agriculture. Draslovka aims to be a global leader in the manufacturing of cyanides for use in synthesis, mining, and industrial and agricultural applications.
Technipaq& DuPont & Tyvek | September 20, 2021
Technipaq Inc., a leading manufacturer of flexible sterilizable packaging solutions and Tyvek Authorized Converter, proudly announces a new partnership with DuPont Tyvek and recycling partner Freepoint Eco-Systems, designed to significantly build upon the company's ongoing sustainability and recycling efforts.
Commencing on World Cleanup Day (Sept. 18, 2021), Technipaq will be able to effectively divert its mixed material plastic waste stream, containing Tyvek® and other plastic waste, generated during healthcare packaging manufacturing at its Crystal Lake, IL facility, away from landfills and to Freepoint, where it will be recycled for use in the production of new 'virgin-quality' plastics and fuels.
"DuPont Tyvek has consistently taken a leadership role in forging interdisciplinary partnerships within the global healthcare packaging and manufacturing value chain, which is an increasingly important topic for our industry as we collectively seek to achieve more sustainable solutions and create a circular economy," said Brian Rosenburg, President and CEO, Technipaq. "We are excited and honored to play such a major role in helping make this a reality."
"This represents yet another great multi-stakeholder partnership designed to build a waste-free, 'closed loop' healthcare packaging manufacturing environment," said John Richard, Vice President, DuPont Safety.
"The healthcare industry requires a broad spectrum of plastics to manufacture packaging solutions for medical device, diagnostic and pharmaceutical products. Recyclability of healthcare packaging manufacturing waste is an increasingly important topic for the industry as it seeks to achieve sustainable solutions and a circular economy. Bringing a market leader such as Technipaq into this initiative marks a significant, positive step forward for our industry overall," added Richard.
"Freepoint intends to recycle waste plastic that is usually very challenging to recycle and is typically headed for landfill or incineration," said Kat Doerr, Vice President of Origination, Freepoint Eco-Systems. "By converting plastic waste into reusable products, less oil is required to be extracted from the ground. This results in a more sustainable economy and a healthier planet."
Freepoint aspires to divert 170 million pounds of plastic waste from landfills at each of its facilities on an annual basis—the equivalent of reducing GHG emissions from up to 55,000 cars per facility.
Tyvek is mainly made of High-Density Polyethylene (HDPE) and is certified 100% recyclable, making it compatible with existing and emerging (advanced) recycling techniques. Due to its unique combination of properties, Tyvek® allows for the facilitation of packaging solutions—such as mono-material structures—that meet the sustainable design guidelines established by industry leaders such as Healthcare Plastics Recycling Council (HPRC), CEFLEX and RecyClass.
Please visit Technipaq to learn more about the company's recent investments in new production technologies, expanded capabilities and products, and ongoing sustainability efforts through its partnership with Tyvek.
An ISO 13485 certified manufacturer with more than 175,000 square feet of manufacturing and warehouse space, Technipaq specializes in coating, laminating, printing, slitting, sheeting, die-cutting, and fabricating high-quality, flexible sterilizable packaging solutions for the medical device, diagnostic, life science, and pharmaceutical industries. An Authorized Converter of DuPont Tyvek for medical packaging, the company maintains an extensive selection of custom stock laminates, manufactured in both peel-able and fusion seal format. Technipaq also specializes in converting Tyvek, foils, films, and surgical papers into high-barrier ETO, radiation and autoclave packaging. Since the company's inception nearly four decades ago by industry pioneer Phil Rosenburg, Technipaq has remained a leading single-stop supplier of customized packaging solutions for the medical industry.
DuPont is a global innovation leader with technology-based materials and solutions that help transform industries and everyday life. Our employees apply diverse science and expertise to help customers advance their best ideas and deliver essential innovations in key markets including electronics, transportation, construction, water, healthcare and worker safety. More information about the company, its businesses and solutions can be found at www.dupont.com. Investors can access information included on the Investor Relations section of the website at investors.dupont.com.