NEW YORK – May 7, 2026 – Global law firm Greenberg Traurig, LLP is representing Galata Chemicals, a Praana Group company, in connection with the execution of a definitive purchase agreement for the acquisition of selected plastic additives businesses from Arkema S.A. (the Acquired Business).
The Acquired Business is expected to operate as part of Galata Chemicals, Praana Group's specialty additives platform, and includes Arkema's global Methyl Methacrylate Butadiene Styrene (MBS) copolymers business as well as its European and Asian acrylic impact modifier and processing aids (AIMPA) activities, along with the Vlissingen production facility in the Netherlands. The proposed acquisition is expected to further strengthen Praana Group's global specialty chemicals platform and expands its capabilities in plastic additives for PVC and composite applications.
The acquisition is expected to bring together Galata Chemicals' established expertise in specialty additives for PVC, CPVC, engineering thermoplastics, and polyolefins with the Acquired Business' complementary plastic additives technologies, which enhance impact resistance and improve productivity in extrusion and molding processes for PVC profiles, pipes, packaging, and various composite materials, particularly in the construction and packaging markets.
Praana Group is a diversified multinational business group with a global presence in specialty chemicals and advanced materials. Its portfolio includes Galata Chemicals, Artek Surfin Chemicals, Sterling Specialty Chemicals, and 3B Fibreglass.
The multioffice Greenberg Traurig team was led by Kalyan "Kal" Das and Adam S. Namoury, both shareholders in the Corporate Practice in New York, Maarten de Boorder, a shareholder in the Corporate Practice in Amsterdam, and Dario Ciapponi and Eunice J. Park, both associates in the Corporate Practice in New York.
Other team members included Shareholder David M. Greenberg (New York, Intellectual Property & Technology), and Amsterdam Shareholders Coco van Zuiden (Real Estate), Thomas Timmermans (Labor & Employment), Marijn Bodelier (Real Estate), Alexander van Hövell (Real Estate), Thomas van der Vliet (Tax), Dr. Robert Hardy (Corporate), and Jelmer Kalisvaart (Corporate), as well as Of Counsel Gudrun Feitsma (Labor & Employment). Associates included Aukje Strik (senior associate, Tax), Jan Herfkens (senior associate, Real Estate), Jesse Hoek (Corporate), Hidde Strijbosch (Corporate), Arie van der Linden (Corporate), Nina Mantel (Litigation), and Lulu Trainor (Corporate). Additional team members included Sukhdeep S. Gill (associate, Philadelphia, Intellectual Property & Technology), Ricardo Crispim Leite (associate, New York, Corporate), Hailey Burton Petrick (associate, New York, Corporate), and Jack Surminsky (law clerk, New York, Corporate).