02292024Thu
Last updateWed, 28 Feb 2024 8pm
>>

Arkema finalizes the acquisition of its 54% stake in PI Advanced Materials

Arkema finalized on 1 December 2023 the acquisition of Glenwood Private Equity’s 54% stake in the listed South Korean company PI Advanced Materials (PIAM). This acquisition complements Arkema's portfolio of high-performance technologies for the high-growth markets of advanced electronics and electric mobility.

With more than 30% market share, PIAM, based in South Korea, is the global leader of polyimide films used in the high-growth and high value-added markets of mobile devices and electric vehicles.
In the coming years, PIAM sales are expected to grow by around 13% per year, driven by new cutting-edge applications in 5G antennas, high-resolution OLED displays, flexible screens and electric vehicles, and supported by recent capacity expansions.
Furthermore, PIAM's portfolio, which will strengthen Arkema's range of high-performance polymers, combined with the perfect geographic fit with the Group, should enable to achieve synergies estimated at €30 million in terms of EBITDA over the next 5 years.
The acquisition of this 54% majority stake, based on a €728 million enterprise value, will enable a 100% consolidation of PIAM in Arkema’s accounts.

www.arkema.com

 

comments

Related articles

  • Latest Post

  • Most Read

  • Twitter

Who's Online

We have 7102 guests and no members online

We use cookies on our website. Some of them are essential for the operation of the site, while others help us to improve this site and the user experience (tracking cookies). You can decide for yourself whether you want to allow cookies or not. Please note that if you reject them, you may not be able to use all the functionalities of the site.