Arkema expands its portfolio of solutions for flexible packaging with the acquisition of Dow’s flexible packaging laminating adhesives business.
Arkema has agreed to acquire Dow’s flexible packaging laminating adhesives business, one of the leading producers of adhesives for the flexible packaging market, generating annual sales of around US$250 million. The proposed acquisition will significantly expand Arkema’s portfolio of solutions for flexible packaging, enabling the Group to become a key player in this attractive market.
Dow’s flexible packaging laminating adhesives business offers a broad range of high-quality solutions in food and medical applications, where flexible packaging is the optimal solution in terms of efficiency, as well as for industrial lamination (window films, photovoltaic backsheets, etc.).
Boasting cutting-edge technologies, well-recognized brands such as ADCOTE™ and MOR-FREETM, and five state-of-the-art production sites in Italy, the United States and Mexico, Dow’s laminating adhesives business is one of the main historical solutions providers for the packaging industry, with presence in North America and Europe.
Combined with Bostik’s existing commercial presence, product offering and technological breadth for flexible packaging, this operation will enable Bostik to ideally complement its existing business, marking a step change and a unique opportunity for Bostik to position itself as one of the key global partners for customers across the packaging industry.
“We are very happy to announce this great acquisition which is perfectly in line with Arkema’s strategy to offer its customers innovative products with high technological content and continue to grow in the attractive adhesives segment.
It will allow the Group and Bostik to broaden its commercial and geographic presence in packaging and complete its product ranges in this demanding and rapidly evolving market, notably regarding sustainable development challenges. We are very happy to welcome Dow’s teams in this new development stage”, stated Thierry Le Hénaff, Arkema’s Chairman and Chief Executive Officer.
The project is subject to the approval of certain antitrust authorities and is expected to close in the fourth quarter of 2024.
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