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Arkema Parts Ways with Phosphorous Derivatives Firm Fabex

The company said a divestiture was proposed because the business has “little integration” with its other activities.

Powder Bulk Solids Staff

October 28, 2022

1 Min Read
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Representative imageImage courtesy of Arkema

Specialty materials and chemicals manufacturer Arkema announced a proposed transaction Friday to divest its phosphorous derivatives business Fabex to Belgian firm Prayon. Fabex is part of Arkema’s Performance Additives business line.

The phosphorous derivatives company has “little integration” with Arkema’s other activities, the firm detailed in a release. Fabex produces high purity phosphoric acid, sodium hypophosphite, and derivatives used in the electronics and pharmaceutical industries at a facility in Switzerland.

Arkema said the deal is slated to reach completed in the first quarter of 2023 following a consultation process with employee representative bodies in France and approval by Swiss authorities.

59 Fabex employees are expected to join Pravon when the sale closes.

About the Author(s)

Powder Bulk Solids Staff

Established in 1983, Powder & Bulk Solids (PBS) serves industries that process, handle, and package dry particulate matter, including the food, chemical, and pharmaceutical markets.

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