Arkema Acquires Ashland's Performance Adhesives Business

Arkema Acquires Ashland's Performance Adhesive Business Unit An agreement has been signed for the acquisition of Ashland's Performance Adhesive business, a leading company in high-performance adhesives for industrial applications in the United States with a unique and innovative product portfolio. The offer was made on the basis of an enterprise value of USD 1.65 billion. Ashland Performance Adhesives is a significant player in pressure-sensitive adhesives in the United States with a broad range of key technologies and recognized brands, operating particularly in high-growth applications such as decorative, protective and label films for building and automotive. When combined with Bostik's and the Coatings Solutions segment's sustainable and high-performance solutions, the product range will represent one of the most comprehensive offerings in the pressure-sensitive adhesives industry. Ashland also holds significant positions in structural adhesives in the United States, particularly in segments such as construction, composites and transportation, including wood bonding. This will enable Bostik to complement its positions and benefit from rapidly growing demand driven by major sustainability trends. Lastly, Ashland Performance Adhesives offers a broad range of adhesives for flexible packaging, meeting growing demand for more sustainable products. Through Ashland's position in North America, Bostik will complete its geographic presence in flexible lamination, becoming one of the world's most important players in this sector. Ashland's Performance Adhesives business unit, which employs approximately 330 people and operates 6 production facilities mainly in North America, has experienced continuous growth in recent years and has significant growth potential in Europe and Asia. Combined with Arkema's global position, this acquisition's perfect technological, geographic and commercial complementarity will enable Bostik to expand its offerings and position itself as a significant player in high-performance industrial adhesives. Source