SK Global Chemical (SKGC) today announced that it has completed the acquisition of Arkema’s Functional Polyolefins business, adding to its leading materials portfolio encompassing Olefins, Aromatics, Performance Chemicals, Polymers and EPDM. The acquisition further broadens SK Global Chemical’s global reach and enhances the company’s ability to meet customers’ current and future challenges. This acquisition will make SK Global Chemical the world’s leading specialty polyolefins company with an outstanding portfolio with significant growth opportunities.
On October 14th 2019, Arkema announced the proposed divestment of its Functional Polyolefins business to SK Global Chemical, a subsidiary of South Korean SK Group. The closing is expected to occur in the second quarter of 2020.
Arkema announces the proposed divestment of its Functional Polyolefins business to SK Global Chemical, a major chemicals player in South Korea and a subsidiary of SK, the large South-Korean corporation. With this project, Arkema continues its shift towards specialty chemicals and advanced materials.