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Eliokem acquires polymer

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By: KERRY PIANOFORTE

Editor, Coatings World, Coatings World

Eliokem has signed a purchase agreement with Mumbai, India-based Apar Industries, to acquire its polymer division for $27.5 million subject to regulatory approval. Apar’s polymer division is the sole Indian manufacturer of nitrile rubber and has a strong leadership position in India.

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