 |
 |
||||||
[September 2002]
Atofina's Surface Protection Chemicals Assets Acquired
DuPont Chemical Solutions Enterprise officials have announced the completion of the acquisition of the surface protection and fluoroadditives business assets of Atofina, the chemicals branch of French oil/energy conglomerate TotalFinaElf. Financial terms were not disclosed.
With the completion of this acquisition, DuPont Chemical Solutions Enterprise becomes the largest integrated producer of fluorotelomer-based speciality products for surface protection applications in North America and Europe. DuPont manufactures and markets surface protection finishes and speciality surfactants under various brands and will also offer a broadened product line with the addition of more than 40 new products, including products formerly marketed under the Atofina Forafac and Foraperle brands.
These combined families of protection agents - primarily used as oil, water and grease repellents - strengthen the DuPont presence in several markets, including tile and stone protection amongst a number of applications.
In addition to the newly acquired product offerings, DuPont acquisition assets include manufacturing and fixed assets at the Villers-St-Paul site located north east of Paris. Nearly 50 Atofina employees are joining DuPont, including business, marketing, technical service and manufacturing personnel. European laboratory facilities and technical experts will be integrated into the DuPont technology organisation, focused on creating innovative surface protection solutions world-wide.
ENDS