Issue Date: December 15, 2008
... And Will Buy Geo's Organic Peroxide Line
Arkema has signed a deal to acquire Geo Specialty Chemicals' organic peroxides business for an undisclosed sum. The Geo business, which has annual sales of about $30 million, manufactures specialty organic peroxides in Franklin, Va. Arkema says the deal will cement its position as the world's second-largest organic peroxides producer. The peroxides are used as polymerization initiators and as curing agents for unsaturated polyester resins.
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