Greenberg Traurig, LLP announced on May 11 that it is representing Galata Chemicals, a Praana Group company, in the execution of a definitive purchase agreement to acquire selected plastic additives businesses from Arkema S.A.
The acquisition is expected to expand Praana Group’s specialty chemicals platform and strengthen its capabilities in plastic additives for polyvinyl chloride (PVC) and composite applications. The transaction includes Arkema’s global Methyl Methacrylate Butadiene Styrene (MBS) copolymers business, European and Asian acrylic impact modifier and processing aids activities, as well as the Vlissingen production facility in the Netherlands.
According to Greenberg Traurig, the acquired businesses will operate as part of Galata Chemicals’ specialty additives platform. The combination brings together Galata Chemicals’ experience with specialty additives for PVC, chlorinated polyvinyl chloride (CPVC), engineering thermoplastics, and polyolefins with Arkema’s technologies that enhance impact resistance and productivity in extrusion and molding processes. These products are used for PVC profiles, pipes, packaging materials, and various composites mainly serving construction and packaging markets.
Praana Group is described as a diversified multinational group with interests in specialty chemicals and advanced materials. Its portfolio includes companies such as Galata Chemicals, Artek Surfin Chemicals, Sterling Specialty Chemicals, and 3B Fibreglass.
The legal team at Greenberg Traurig was led by Kalyan “Kal” Das and Adam S. Namoury from New York; Maarten de Boorder from Amsterdam; Dario Ciapponi; Eunice J. Park; along with other shareholders and associates across offices specializing in corporate law, intellectual property & technology, real estate, labor & employment law, tax matters, litigation support services.
