Arkema announced the acquisition of Ashlands Performance Adhesives business for approximately $1.6 billion. The transaction helps to boost the development of sustainable and high performance solutions by Arkema.
- Ashlands Performance Adhesives business, a first-class leader in high performance adhesives for industrial applications in the United States with a unique and innovative product portfolio.
- This project is perfectly aligned with the Groups ambition to become a pure Specialty Materials player by 2024.
The prominent acquisitions and deals by Arkema are mentioned below:
Sep 2020: The leading paint and adhesive company Arkema announces that its Adhesive Solutions segment subsidiary Bostik inaugurates a new world-scale industrial adhesives plant in Japan. Those new capacities will enable Bostik to serve its Japanese customers.
July 2020: Ther leading specialty chemical company Arkema announces the proposed acquisition of Germany based Fixatti, specialized in high-performance thermobonding adhesive powders.
April 2020: Jeonju City in Jeollabuk-do announced that Korea Institute of Carbon Convergence Technology (KCTECH) signed a business agreement with Arkema, a multinational company headquartered in France, in order to improve the level of carbon composite technology and explore overseas markets.
KCTECH and Arkema also agreed to support cooperative research and technical development of carbon composites along with projects and programs for the development of new technologies.
January 2020: Bostik completed the acquisition of LIP Bygningsartikler AS (LIP), the Danish leader in tile adhesives, waterproofing systems and floor preparation solutions. This acquisition, like the Prochimir acquisition finalized
in October 2019, is in line with Arkemas strategy to continuously grow its Adhesives business through bolt-on acquisitions which complement Bostiks geographic presence, product ranges and technologies.
October 2019: Arkema completed the acquisitions of Prochimir, manufacturer of high-performance adhesive films, and Lambson, specialized in photoinitiators for photocure resins.
Arkema, headquartered in Colombes, near Paris, France, is a leading specialty chemicals and advanced materials company . The Group is structured into three coherent and complementary segments dedicated to Specialty Materials (Adhesive Solutions, Advanced Materials, and Coating Solutions. The company is a leading manufacture of automotive interior and exterior materials and lightweight materials, resins for thermoplastic composite, home appliance display and exterior materials. The company has more than 20,500 employees across the world. Arkema operates in about 55 countries.