Flexible Electronics News

Arkema to Acquire Controlling Stake in PI Advanced Materials

PIAM’s sales are expected to grow at 13% per year driven by opportunities for polyimide in lithium-ion batteries, 5G antennas, and hi-res OLED displays.

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By: DAVID SAVASTANO

Editor, Ink World Magazine

Arkema has proposed the acquisition of Glenwood Private Equity’s 54% stake in the listed South Korean company PI Advanced Materials (PIAM), for €728 million enterprise value. The company will be fully consolidated in Arkema’s accounts. This is a significant milestone in Arkema’s transformation into a pure specialty materials player. With sales of more than €200 million and an EBITDA margin of approximately 30%, PIAM is a global leader in polyimide films, delivering superior growth in the attr...

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