Arkema announced that the company has finalized the acquisition of Dow’s flexible packaging laminating adhesives business, a leading global producer of adhesives for the flexible packaging market. The acquisition was completed on December 2, 2024. The move will enable the group to significantly expand its portfolio of solutions for flexible packaging and become a key player in the market. The acquisition is based on an enterprise value of $150 million and will trigger around $50 million of implementation costs or capex over the next three years.

According to Arkema, the acquisition will enable Bostik to ideally complement its existing commercial presence, product offering, and technological breadth for flexible packaging. Beyond benefiting from the underlying growth and from the recovery of the market, the group aims to rapidly capture new growth opportunities. It also expects to deliver a high level of cost and development synergies, which should represent around $30 million in EBITDA after five years.