Elkem acquires new plant in France to accelerate growth in specialised silicones
Elkem has signed an agreement to acquire a brand-new plant near Lyon in France, custom-designed for producing highly specialised organo-functional silicones (OFS). The acquisition underpins Elkem’s strategy of growth and specialisation.The purchase price is in the low double-digit millions of euros, and production is expected by the end of the year. “With this acquisition, Elkem continues to deliver on our growth and specialisation strategy. This new plant will enable us to more quickly extend our offerings within advanced high value products for attractive specialty markets, further