BRIEF-Arkema Acquires Dow's Flexible Packaging Laminating Adhesives Business

Reuters05-02

May 2 (Reuters) - Arkema SA :

* ACQUIRES DOW'S FLEXIBLE PACKAGING LAMINATING ADHESIVES BUSINESS

* ACQUISITION WILL SIGNIFICANTLY EXPAND ARKEMA'S PORTFOLIO OF SOLUTIONS FOR FLEXIBLE PACKAGING

* ACQUIRED BUSINESS GENERATING ANNUAL SALES OF AROUND US$250

* DEAL BASED ON AN ENTERPRISE VALUE OF US$150 MILLION

* DEAL WILL TRIGGER AROUND US$50 MILLION OF IMPLEMENTATION COSTS OR CAPEX OVER NEXT THREE YEARS

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(Gdansk Newsroom)

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