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Arkema acquires American gas odorant specialist Odor-Tech

- Press release
Corporate - Finance
Arkema, the world leader in the odorization of natural gas and liquefied petroleum gas (LPG), announces the acquisition of Odor-Tech Inc. which specializes in the production, storage and marketing of odorant blends for the gas market. The contribution from this activity, which reported sales approaching $ 8M in 2007, will bolster Arkema’s position in the NorthAmerican odorants market.


" The acquisition of Odor-Tech Inc. will enable us to significantly boost our position in North-America, the world’s leading market for gas odorants. With a region-wide presence and quality technical support to gas distributors, Odor-Tech Inc. aptly complements our existing business, which centers on major distributors ", Arnaud d’Aramon, Managing Director of Arkema’s Thiochemicals Business Unit, is pleased to announce.


Natural gas and LPG are inherently odorless. Odorization is key to the safety of distribution networks.


Arkema has production sites in France (Lacq), the Netherlands (Rotterdam) and the United States (Beaumont / Texas), and offers a comprehensive range of products and related services designed to deliver reliable gas odorization. Arkema markets odorant blends under the trademarks Spotleak® for natural gas and Vigileak® for liquefied petroleum gas.

 

 


A global chemical company and France’s leading chemicals producer, Arkema consists of three strategically related businesses: Vinyl Products, Industrial Chemicals, and Performance Products. Arkema reported sales of 5.7 billion euros in 2007. Arkema has 15,200 employees in over 40 countries and six research centers located in France, the United States and Japan. With internationally recognized brands, Arkema holds leadership positions in its principal markets.