On February 28, 2022, Bostik's parent company Arkema finalized the acquisition of Ashland’s Performance Adhesives business, a leader in high performance adhesives in the United States. The company said the operation marks a major step in Arkema’s strengthening of its adhesive solutions segment, and fully aligns with the group's strategy to become a pure specialty materials player by 2024.
With its wide range of key technologies and well-known brands, Ashland Performance Adhesives is a major player in pressure-sensitive adhesives, in particular in decorative, protection, and signage films for automotive and buildings. It also holds leading positions in structural adhesives, and offers an extensive range of adhesives for flexible packaging.
This activity, which employs approximately 330 people and operates six production plants, mainly in North America, generated estimated sales of around $360 million in 2021 and an EBITDA margin above 25%. It offers excellent commercial, technological and geographic complementarities with Bostik, allowing it to expand its solutions offering and position itself as a major player in high performance industrial adhesives.
“We are very happy to welcome Ashland Performance Adhesives’ teams within Arkema," said Thierry Le Hénaff, chairman and CEO, Arkema. "I am convinced that Bostik will benefit from this deal to accelerate its development in attractive and high-growth applications. Our strengthened adhesive solutions segment will play a key role in implementing our ambition to be a leader in innovative materials for a more sustainable world."