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Adhesives Firm Bostik Acquires Flooring Company

Tuesday, June 6, 2017

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Specialty chemicals and advanced materials company Arkema (Colombes, France) announced that its subsidiary, adhesives firm Bostik (Milwaukee) has acquired CMP Specialty Products—a floor preparation business owned by Bensalem, Pennsylvania-based CGM.

CMP, which is headquartered outside Philadelphia, reported $15 million in sales in 2016.

Bostik

Specialty chemicals and advanced materials company Arkema announced that its subsidiary, adhesives firm Bostik, acquired CMP Specialty Products—a floor preparation business owned by Bensalem, Pennsylvania-based CGM.

Bostik said the acquisition was made to delve further into the U.S. construction market by offering a range of flooring products and to accelerate its growth in specialty adhesives. 

"We are very pleased to welcome the CMP Specialty Products teams,” Bostik Executive Vice President Vincent Legros said in a press release. “This acquisition will support our strategy to provide our customers with the most innovative flooring systems.

“CMP teams will bring their recognized expertise within the commercial flooring sector with high quality and highly performing products. We look forward to leveraging this expertise to better serve our customers within the U.S. market."

Arkema says the acquisition of CMP—the transaction comes on the heels of purchasing sealants firm Den Braven in December—is part of a strategy to continue Bostik’s development as one of Arkema’s core properties.

About Bostik

Bostik specializes in adhesives for construction, consumer and industrial markets. It had 2016 sales of 1.95 billion euros (about $2.2 billion). The company employs 6,000 people in 50 countries.

About Arkema

Arkema produces high-performance materials, industrial specialties and coatings. The firm reported 2016 sales of  7.5 billion euros (about $8.5 billion); employs 20,000 people in 50 countries; and has research centers in North America, France and Asia.

   

Tagged categories: Acquisitions; Adhesive; Arkema Inc.; Asia Pacific; Building Envelope; Concrete floor coatings; Decorative Floor Coatings; EMEA (Europe, Middle East and Africa); Flooring system; Floors; Latin America; North America

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