Arkema: proposed acquisition of PIAM in South Korea
With sales of over 200 million euros and an EBITDA margin of around 30%, PIAM is the world leader in polyimide films, with strong growth in the attractive consumer electronics and electric vehicle markets.
Entirely financed in cash, the transaction marks a new stage in Arkema's transformation into a pure player in specialty materials. Subject to the approval of the Chinese and Korean competition authorities, it should be finalized by the end of 2023.
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