Chemical
Arkema expands Bostik’s business with acquisition of US-based adhesives producer
The deal is expected to close in second-quarter 2021
- By ICN Bureau
| May 17, 2021
Bostik expands its offerings in high performance adhesives in the United States with the planned acquisition of Edge Adhesives Texas, a complementary asset in hot-melt adhesives and pressure sensitive adhesive tapes for residential construction. This project is in line with Arkema’s strategy of bolt-on acquisitions to develop greater breadth in adhesives and deliver new products to meet expanding demand.
Edge Adhesives Texas is a leading developer and manufacturer of innovative adhesive solutions used in residential buildings with annual sales of around US$12 million.
The company, which operates a plant in Fort Worth, Texas (US) and has approximately 50 employees, specializes in custom formulations in fast-growing easy-install window, door and roofing applications.
In addition to delivering strong technological, industrial and commercial synergies, the project will enable Bostik to offer its customers an extended range of value-added and sustainable solutions in hot-melt pressure sensitive adhesives.
This bolt-on acquisition is in line with Bostik’s growth strategy in high value-added adhesives and expands its presence in North America.
The deal is expected to close in second-quarter 2021.
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