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Arkema Coating Resins Announced the Divestment of its Peninsula Polymers Business

Published on 2012-05-07. Author : SpecialChem

Arkema Coating Resins, a business unit of Arkema, has announced the sale of the Peninsula Polymers business, a national distributor of coatings raw materials headquartered in North Kansas City, MO. The business has been purchased by an investment group led by the current management team; terms of the sale were not disclosed.

The distributor was acquired by Arkema Inc. as part of the purchase of the coating resins business of Cook Composites and Polymers in 2011. Peninsula Polymers will continue to represent certain Arkema Coating Resins lines in North America.

"We are pleased to announce the sale has been closed, and that Peninsula Polymers will continue to distribute our products," said Richard D. Jenkins, Global Group President for Arkema Coating Resins. "We believe that the change of ownership will be smooth and seamless, and is in the best long term interest of our customers now being served by Peninsula Polymers."

About Arkema

A global chemical company and France's leading chemicals producer, Arkema is building the future of the chemical industry every day. Deploying a responsible, innovation-based approach, they produce state-of-the-art specialty chemicals that provide customers with practical solutions to such challenges as climate change, access to drinking water, the future of energy, fossil fuel preservation and the need for lighter materials. With operations in more than 40 countries, 14,000 employees and eight research centers, Arkema generates annual revenue of €5.8 billion and holds leadership positions in all its markets with a portfolio of internationally recognized brands.

Source: Arkema

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