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Meridian Adhesives Group Acquires Convergent Concrete Technologies
Orem, Utah, Feb. 01, 2021 (GLOBE NEWSWIRE) Meridian Adhesives Group (Meridian) announced today the acquisition of Convergent Concrete Technologies (Convergent).
Located in Orem, Utah, Convergent specializes in the innovation of high-performing concrete treatments and products. The company’s dynamic line of technology includes hardeners, densifiers, finishes and adhesive promoting treatments. The company has served facility owners, contractors, architects and engineers since 2000.
“The addition of Convergent to Meridian’s Infrastructure Division further positions us to becoming a full-service provider of quality adhesives and high-performance coatings to our customers,” said Daniel Pelton, CEO of Meridian Adhesives Group. “We are aggressively focused on growth in the infrastructure market, and I am confident the skilled team at Convergent will bring momentum to that endeavor.”
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The global epoxy resin market is anticipated to grow at a CAGR of around 6.8% during the forecast period.
Epoxy resin belongs to the class of thermoset polymer and is made from a monomer that contains at least two epoxide groups. Attributed to its strong adhesive property, epoxy resins had a wide range of applications in many industries which is anticipated to significantly drive the growth of the market in the near future.
The global epoxy resin market is segmented based on the form, application, and end-user industries. Based on the form, the market is bifurcated into solid and liquid. By application, the market is sub-segmented into paints & coatings, adhesives & sealants, composites, and others. Paints & coating is anticipated to hold a major market share during the forecast period. Further, on the basis of end-user industries, the market is sub-segmented into consumer goods, building & construction, automotive, electrical & electronics, an