Arkema announces planned acquisition of the Coatings Resins (Cray Valley and Cook Composite Polymers) and Photocure Resins (Sartomer) businesses of Total SA.
On December 7, Willkie client Arkema, France’s leading chemicals producer, announced its planned acquisition of the Coatings Resins (Cray Valley and Cook Composite Polymers) and Photocure Resins (Sartomer) businesses of Total SA for €550 million. These activities generated sales of about €850 million and involve approximately 1750 employees at 20 sites around the world. Arkema is a world-class producer of industrial chemicals with annual sales of €4.4 billion, 13,800 employees, 80 industrial sites in more than 40 countries, and six research and development centers.
The multidisciplinary Willkie team was led by Paris partners Eduardo Fernandez, Jacques-Philippe Gunther and Cédric Hajage and included: in Brussels: national partner Charlotte Breuvart; in Paris: national partner Vincent Brenot, senior associate Grégoire Finance, and associates Dounia Ababou, Raphaëlle Buot de l’Epine, Alexandre Riou and Nicolas Tollet; in New York: partner Jeffrey Hochman, and associates Peter Agnetti, Dorota Niechwiej Clegg, Jeremy Hendon, Michael Ispass and Matthew Lipsky; in Washington: partner Donald Elliott, and associates Brett Cohen and Mary Beth Houlihan; in Frankfurt: partner Mario Schmidt, and associates Octàvio de Sousa and Markus Kaepplinger; and in Rome/Milan: national partner Gianluca Cattani, and associates Lucia Balistreri and Giovanni Giambelardini.