Arkema to Acquire Edge Adhesives Texas
French specialty chemicals producer Arkema said it plans to acquire Edge Adhesives Texas, as “a complementary asset” that will boost subsidiary Bostik’s offerings in high performance adhesives in the US. Financial terms were not disclosed.
Arkema said the deal, due to close in the current quarter, is in line with its growth strategy of bolt-on acquisitions to develop greater breadth in adhesives and deliver new products to meet expanding demand. It will expand Bostik’s profile and expand its presence in North America, the parent company added.
Edge Adhesives, which operates a plant in Fort Worth, Texas, is regarded as a leading developer and manufacturer of adhesive solutions used in residential buildings. With around 50 employees and annual sales of around $12 million, the company specializes in custom formulations in fast-growing easy-install window, door and roofing applications.
In addition to delivering strong technological, industrial and commercial synergies, Arkema said the acquisition will enable Bostik to offer its customers an extended range of value-added and sustainable solutions in hot-melt pressure sensitive adhesives. Based in Colombes, France, the company with annual sales of €2.1 billion develops, manufactures and distributes specialty adhesives and sealants for construction, industrial and consumer markets.
Author: Dede Williams, Freelance Journalist
