Arkema completes acquisition of 54% shares of PI High-tech Materials Company

Arkema completed its acquisition of PI Advanced Materials (PI), a Korean listed company held by Glenwood Private Equity, on December 1.
Advanced Materials, PIAM) 54%
Acquisition of shares. The acquisition complements Arkema’s portfolio of high-performance technologies for high-growth markets such as advanced electronics and electric vehicles.

Headquartered in South Korea, PIAM is a global leader in polyimide films with more than 30%
of global market share, and its products are used in high-growth and high-margin markets such as mobile devices and electric vehicles.

In the next few years, driven by 5G antennas, high-resolution OLED
Driven by new cutting-edge applications such as displays, flexible screens and electric vehicles, and supported by recent capacity expansion, PIAM’s sales are expected to grow by 13% annually
growth rate of about.

In addition, PIAM’s product portfolio will strengthen Arkema’s range of high-performance polymers and, combined with its perfect geographical fit with Arkema, is expected to generate EBITDA growth over the next five years. Help the group achieve synergy effects of 30 million euros.

The Group’s acquisition of a 54% majority stake based on PIAM’s enterprise valuation of 728 million euros will consolidate all PIAM’s financial statements into the Arkema Group.