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Regulatory News: Arkema (Paris:AKE) delivered an excellent financial performance in the first quarter, despite high raw materials and energy cost inflation and some disparities in growth between ....
Bostik, the adhesive technologies business of specialty chemicals and materials firm Arkema, revealed plans Monday to acquire Edge Adhesives Texas, a US-based supplier of hot-melt adhesives and pressure sensitive adhesive tapes to the residential construction industry. Arkema said the transaction will expand its range of adhesives offerings in the US market and is in line with its strategy of bolt-on- acquisitions to boost its foothold in the adhesives space and enter new product categories. The Fort Worth, TX company generates annual sales of about $12 million and has 50 employees, focusing on custom formulations for 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,” Arkema wrote in a release. ....
By Mary Page Bailey | May 17, 2021 Arkema (Colombes, France) announced that its Bostik business will expand 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 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 $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. ....