The Valence Group advised Arkema on its the sale of its tin stabilizer business to PMC Group, headquartered in Mount Laurel, NJ, a manufacturer of performance chemicals and plastics. This proposed divestment of organometallic products includes Thermolite® tin stabilizers, Fascat® catalysts, and fine chemicals. Arkema’s proactive management team continues to demonstrate its commitment to portfolio optimization via a program of acquisitions and divestments to refocus its activities on fast growing core specialty businesses.
Based on tin chemistry, Thermolite® heat stabilizers are used in PVC production, much of which is used in the construction sector, while Fascat® catalysts are used in automotive specialties and other applications. With a presence across the United States, Europe and Asia, the business reported revenue of approximately €180 million.