Arkema Expands Bostik’s Business in the US with the Acquisition of Edge Adhesives Texas

COLOMBES, France--()--Regulatory News:

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 (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

Contacts

INVESTOR RELATIONS CONTACTS
Béatrice Zilm +33 1 49 00 75 58 beatrice.zilm@arkema.com
Mathieu Briatta +33 1 49 00 72 07 mathieu.briatta@arkema.com
Peter Farren +33 1 49 00 73 12 peter.farren@arkema.com
Caroline Chung +33 1 49 00 74 37 caroline.chung@arkema.com

MEDIA CONTACTS
Gilles Galinier +33 1 49 00 70 07 gilles.galinier@arkema.com
Véronique Obrecht +33 1 49 00 88 41 veronique.obrecht@arkema.com

Release Summary

CP EDGE

Contacts

INVESTOR RELATIONS CONTACTS
Béatrice Zilm +33 1 49 00 75 58 beatrice.zilm@arkema.com
Mathieu Briatta +33 1 49 00 72 07 mathieu.briatta@arkema.com
Peter Farren +33 1 49 00 73 12 peter.farren@arkema.com
Caroline Chung +33 1 49 00 74 37 caroline.chung@arkema.com

MEDIA CONTACTS
Gilles Galinier +33 1 49 00 70 07 gilles.galinier@arkema.com
Véronique Obrecht +33 1 49 00 88 41 veronique.obrecht@arkema.com