Arkema to acquire PMP in China
Arkema is expanding its offer of engineering adhesives with the planned acquisition of Shanghai Zhiguan Polymer Materials (PMP), specialised in hot-melt adhesives for the consumer electronics market.
The aquisition is in line with Bostik’s strategy to build a strong position in the engineering adhesives market and to accelerate its development in the fast-growing electronics market, especially in Asia. PMP generates over EUR 1 million in annual sales. These adhesives are mainly dedicated to the consumer electronics market and are used in the bonding of mobile phones, tablets, laptops and connected objects.
Solid positions
According to Arkema, PMP has developed solid positions in the very demanding and high-added-value consumer electronics market. With this acquisition, Bostik intends to strengthen its portfolio of technologies in engineering adhesives, where the Group already has a robust know-how in cyanoacrylate, MMA and UV technologies, developed notably through the acquisitions of Afinitica, Nitta and AEC Polymers.
A the company points out, this bolt-on acquisition offers many development synergies, and will contribute to substantially accelerating Bostik’s expansion in the fast-growing consumer electronics market in Asia. This operation is scheduled to close in Q1 2022.
