BRIEF-Arkema Acquires Dow's Flexible Packaging Laminating Adhesives Business

-0.51%

-1.07%

-1.69%

-2.48%

Dow Jones Industrial Average DJI	48458.05	-0.51%
S&P 500 index SPX	6827.41	-1.07%
NASDAQ IXIC	23195.17	-1.69%
Dow Chemical Company DOW	23.97	-2.48%

May 2 (Reuters) - Arkema SA AKE.PA:

ACQUIRES DOW'S FLEXIBLE PACKAGING LAMINATING ADHESIVES BUSINESS
ACQUISITION WILL SIGNIFICANTLY EXPAND ARKEMA'S PORTFOLIO OF SOLUTIONS FOR FLEXIBLE PACKAGING
ACQUIRED BUSINESS GENERATING ANNUAL SALES OF AROUND US$250
DEAL BASED ON AN ENTERPRISE VALUE OF US$150 MILLION
DEAL WILL TRIGGER AROUND US$50 MILLION OF IMPLEMENTATION COSTS OR CAPEX OVER NEXT THREE YEARS

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Further company coverage: AKE.PA

(Gdansk Newsroom)

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