Eliokem To Acquire Indian Polymer Unit | Chemical & Engineering News
Volume 85 Issue 46 | p. 25 | Concentrates
Issue Date: November 12, 2007

Eliokem To Acquire Indian Polymer Unit

Department: Business

French specialty polymers producer Eliokem is acquiring Apar Industries' polymer business for $27.5 million. Based in Valia, in India's Gujarat state, the specialty polymer business had $34 million in sales last year. According to Eliokem CEO Jacques Collonge, Eliokem and the Apar business share emulsion polymerization technology from Goodyear Tire & Rubber. Eliokem was formed in 2001 as a spin-off of Goodyear's polymers business.

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