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Arkema Announces Thermobonding Acquisition

Thursday, September 3, 2020

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Specialty chemicals company Arkema announced recently its proposed acquisition of Fixatti, a company that specializes in high-performance thermobonding adhesive powders.

The company says that this acquisition would strengthen its position in adhesive solutions for applications in the construction industry as well as for technical coatings and other markets.

Farknot_Architect / Getty Images

Specialty chemicals company Arkema announced recently its proposed acquisition of Fixatti, a company that specializes in high-performance thermobonding adhesive powders.

This plays into the strategy of Arkema’s subsidiary Bostik and its target to become a pure specialty materials player by 2024, centered around adhesive solutions, advanced materials and coating solutions.

Fixatti is an international company that operates two sites in Europe and China. It employs 180 people, and reports sales of some 55 million euros.

“Fixatti's copolyester and copolyamide polymerization capabilities also present strong synergies with one of Bostik's historic areas of expertise,” Arkema said in a press release. “Following the acquisition of Prochimir in adhesive films last year, the excellent geographic and technological complementarity of this acquisition will enable Bostik to become a world leader in innovative and high-value-added thermobonding solutions.

“This acquisition is perfectly in line with the Group's strategy to complement the organic growth of its Adhesive Solutions segment with high-quality bolt-on acquisitions. With a significant potential for synergies, it will also contribute to the Group’s ambition to increase this segment’s EBITDA margin to 16% by 2024.”

Financial terms of the deal, which is expected to close in the fourth quarter, where not released.

   

Tagged categories: Acquisitions; Arkema Inc.; Asia Pacific; Business matters; EMEA (Europe, Middle East and Africa); Good Technical Practice; Latin America; Mergers; North America; Z-Continents

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