AXA-backed Eliokem makes Indian acquisition

AXA Private Equity majority-backed Eliokem, based in Villejust, has completed the acquisition of the Polymer Division from Apar Industries Ltd, India, for approximately $28m. The deal is in line with the expansion strategy of the company in Asia supported by AXA Private Equity. The plant adds and complements Eliokem's offering in nitrile polymers and polyblends styrene butadiene reinforcing resins and latices for serving the rubber industry.

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