Cargill to acquire Arkema’s epoxides business – Albert Lea Tribune

Acquisition positions Cargill to supply the growing need for bio-based solutions for plastics, automotive and other industries

As demand for bio-based industrial solutions continues to grow, Cargill has entered into an agreement to acquire Arkema’s epoxides business, which includes a facility located in Blooming Prairie. 

The offer values this activity at US $38.8 million, which is around 10 times historical EBITDA.

After closing, the investment will give Cargill end-to-end production capabilities in bio-based plasticizers and polyols and enable the company to better serve its industrial customers with nature-derived alternatives to traditional petroleum-based additives.

“Industrial customers are increasingly searching for solutions made without petrochemicals, especially in consumer applications where potential concerns around toxicity and sustainability continue to grow,” said Kurtis Miller, managing…

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