Bostik's parent company finalises major acquisition

Bostik’s parent company Arkema has finalised the acquisition of Ashland’s Performance Adhesives business. This marks a major step in Arkema’s strengthening of its Adhesive Solutions segment and fully aligns with the group’s strategy to become a pure specialty materials player by 2024, it states.

Ashland Performance Adhesives is a major player in pressure-sensitive adhesives, in particular in decorative, protection and signage films for automotive and buildings. It also holds leading positions in structural adhesives and offers an extensive range of adhesives for flexible packaging.

Bostik expansion path

This activity, which employs around 330 people and operates six production plants, mainly in North America, generated estimated sales of around US$360 million in 2021 and an EBITDA (Earnings Before Interest, Taxes, Depreciation and Amortisation) margin above 25%.

“It offers excellent commercial, technological and geographic complementarities with Bostik, allowing it to expand its solutions offering and position itself as a major player in high-performance industrial adhesives,” comments Arkema.

States Thierry Le Hénaff, Arkema’s chairman and chief executive officer: “We are very happy to welcome Ashland Performance Adhesives’ teams within Arkema. I am convinced that Bostik will benefit from this deal to accelerate its development in attractive and high-growth applications. Our strengthened Adhesive Solutions segment will play a key role in implementing our ambition to be a leader in innovative materials for a more sustainable world.”