COLOMBES, France–(BUSINESS WIRE)–Regulatory Information:
Bostik expands its choices in excessive efficiency adhesives in the US with the deliberate acquisition of Edge Adhesives Texas, a complementary asset in hot-melt adhesives and stress delicate adhesive tapes for residential development. This mission is consistent with Arkema’s (Paris:AKE) technique of bolt-on acquisitions to develop larger breadth in adhesives and ship new merchandise to satisfy increasing demand.
Edge Adhesives Texas is a number one developer and producer of progressive adhesive options utilized in residential buildings with annual gross sales of round US$12 million. The corporate, which operates a plant in Fort Value, Texas (US) and has roughly 50 staff, makes a speciality of customized formulations in fast-growing easy-install window, door and roofing purposes.
Along with delivering robust technological, industrial and industrial synergies, the mission will allow Bostik to supply its clients an prolonged vary of value-added and sustainable options in hot-melt stress delicate adhesives.
This bolt-on acquisition is consistent with Bostik’s progress technique in excessive value-added adhesives and expands its presence in North America.
The deal is predicted to shut in second-quarter 2021.
Constructing on its distinctive set of experience in supplies science, Arkema gives a portfolio of first-class applied sciences to handle ever-growing demand for brand new and sustainable supplies. With the ambition to grow to be in 2024 a pure participant in Specialty Supplies, the Group is structured into 3 complementary, resilient and extremely progressive segments devoted to Specialty Supplies -Adhesive options, Superior Supplies, and Coating Options- accounting for some 82% of Group gross sales, and a well-positioned and aggressive Intermediates phase. Arkema gives cutting-edge technological options to satisfy the challenges of, amongst different issues, new energies, entry to water, recycling, urbanization and mobility, and fosters a everlasting dialogue with all its stakeholders. The Group reported gross sales of round €8 billion in 2020, and operates in some 55 nations with 20,600 staff worldwide. www.arkema.com