PARIS: 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, a news release said.
This project is in line with Arkema’s (Paris:AKE) 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.
Building on its unique set of expertise in materials science, Arkema offers a portfolio of first-class technologies to address ever-growing demand for new and sustainable materials. With the ambition to become in 2024 a pure player in Specialty Materials, the Group is structured into 3 complementary, resilient and highly innovative segments dedicated to Specialty Materials -Adhesive solutions, Advanced Materials, and Coating Solutions- accounting for some 82% of Group sales, and a well-positioned and competitive Intermediates segment.
Arkema offers cutting-edge technological solutions to meet the challenges of, among other things, new energies, access to water, recycling, urbanization and mobility, and fosters a permanent dialogue with all its stakeholders. The Group reported sales of around €8 billion in 2020, and operates in some 55 countries with 20,600 employees worldwide. www.arkema.com