Arkema, Colombes, France, finalized the acquisition of Ashland’s Performance Adhesives business. This 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.

Ashland Performance Adhesives offers pressure-sensitive adhesives, in decorative, protection and signage films for automotive and buildings. It also holds structural adhesives and offers an extensive range of adhesives for flexible packaging.

This activity, which employs approximately 330 people and operates 6 production plants, mainly in North America, generated estimated sales of around US$360 million in 2021 (1) and an EBITDA margin above 25% (1). 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.

For more information, visit www.arkema.com.