The move will allow Arkema to broaden its range of polymers.
PIAM’s polyimides are materials that are said to offer high temperature resistance, dimensional stability, flexibility and electric insulation. They are increasingly used in markets such as electric vehicles, consumer electronics and semiconductor manufacturing.
Arkema chairman Thierry Le Henadd said: “PIAM is an outstanding company with a unique technological positioning, state of the art manufacturing facilities and invaluable customer relationships. This acquisition is fully aligned with our strategy to be at the forefront of high performance materials for high growth end markets supported by megatrends such as electric vehicles and advanced electronics. After the divestment of PMMA, the acquisition of Ashland adhesives and the current start-up of our bio PA11 plant in Singapore, Arkema is delivering another significant milestone of its strategy focused on innovative materials for a sustainable world."
The deal should be finalised by the end of 2023.
