- September 28, 2021
- Posted by: Stratford Team
- Category: Business
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…