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Arkema finalizes the acquisition of Bostik

Production unit in Taixing, China. Photo: Arkema
Production unit in Taixing, China. Photo: Arkema
Published by
Simon Matthis - 24 Feb 2015

Arkema finalized the acquisition of Bostik, the world’s no. 3 in adhesives, on 2 February. With this acquisition, the Group reaches a new milestone in its development, and confirms its ambition to become a world leader in specialty chemicals and advanced materials. Bostik’s growth prospects and the complementarities identified between the two groups will sustain the success of this high value creating project.

With the acquisition of Bostik, Arkema fulfils a project that is perfectly aligned with its strategy to reinforce its position in specialty chemicals and further develop its High Performance Materials segment. Bostik, which will constitute a new business unit of this segment, holds leadership positions in most of its markets, has internationally recognized brands and technologies, and achieves around €1.5 billion* sales with 4,900 employees in over 40 countries.

 “It is with great pleasure that we welcome the Bostik teams. I firmly believe in the quality and the development potential of this company which represents a promising growth platform for the future. I also want to thank everyone who, through their true professionalism, has helped finalize quickly the operation and its financing” stated Thierry Le Hénaff, Arkema Chairman and Chief Executive Officer.