media release

Monomer Business Divested

The methacrylates monomer business of Akzo Nobel Polymer Chemicals is to be divested to Sartomer Corporation.

Akzo Nobel Polymer Chemicals has agreed to divest its methacrylates monomer business to Sartomer Corporation for an undisclosed amount.

Methacrylate monomers are used in the optical industry for the production of lenses and are also used in other industrial applications.

“While the methacrylates business delivered positive financial performance in 2001, our view remains that it no longer fits within our product portfolio,” said Arend-Jan Kortenhorst, general manager of Akzo Nobel Polymer Chemicals.

“The Methacrylates business was less than three percent of the Polymer Chemicals business. However, we will continue to develop and produce initiators for the optical industry since both we, and our customers, feel that this is a core competence from which we both benefit."

The transaction is expected to be concluded in the first quarter of 2002.

(Released: February 5, 2002)

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