Arkema acquires Ashland’s Performance Adhesives business
Arkema has signed an agreement for the acquisition of Ashland’s Performance Adhesives business. This is regarded as a major step in Bostik’s strong long term growth ambition.
With estimated sales of around USD 360 million (EUR 305 million) and an estimated EBITDA at a very high level of around USD 95 million (EUR 80 million) in 2021, Ashland offers a portfolio of high performance adhesive solutions in industrial applications.
Key player in pressure-sensitive adhesive
Ashland Performance Adhesives is regarded a key player in pressure-sensitive adhesives in the United States, operating in high-growth applications, in particular in decorative, protection, and signage films for automotive and buildings. Combined with Arkema subsidary Bostik’s and the Coating Solutions segment’s solutions, its range is intended to represent one of the most complete offering in the pressure sensitive adhesives sector.
Ashland also holds significant positions in structural adhesives in the United States, in particular in segments such as wood bonding for construction, composites and transportation. This will, according to Arkema, allow Bostik to complement its positions.
Finally, Ashland Performance Adhesives offers a wide range of adhesives for flexible packaging, addressing growing demand for more sustainable products. Thanks to Ashland’s positioning in North America, Bostik is able to complete its geographic presence in flexible lamination, becoming one of the world’s key players in this sector.
