Arkema recently announced its proposed acquisition of Fixatti, a company that produces high-performance thermobonding adhesive powders. According to Arkema, the acquisition will enable Bostik to strengthen its global offering of hot-melt adhesive solutions for niche industrial applications in the construction, technical coating, battery, automotive, and textile printing markets.

Fixatti operates two sites in Europe and one in China, employs 180 people, and reports sales of some €55 million (approximately $63.1 million). Thanks to its grinding, polymerization, and compounding capacities, Fixatti reportedly develops and markets a diversified range of high-performance, environmentally friendly thermobonding powders.

Fixatti’s copolyester and copolyamide polymerization capabilities also present synergies with one of Bostik’s historic areas of expertise, according to Arkema. Following the acquisition of Prochimir in adhesive films last year, the geographic and technological complementarity of this acquisition is expected to help facilitate Bostik’s goal to become a world leader in innovative and high-value-added thermobonding solutions.

Arkema reports that this acquisition is in line with its strategy to complement the organic growth of its Adhesive Solutions segment with high-quality bolt-on acquisitions. Closing of the deal is expected in the fourth quarter of 2020, subject to approval by the antitrust authorities in the relevant countries.

For more information, visit www.bostik.com, www.arkema.com, and www.fixatti.com/en.