Arkema recently announced that Bostik will reinforce its range of flooring products with the planned acquisition of Ideal Work, an Italian company specialized in added-value decorative flooring technologies. Founded in 1997, Ideal Work reportedly has annual sales of around €10 million (approximately $11.6 million) and employs 25 people. Over the years, it has reportedly developed expertise in the fast-growing sector of high-end decorative flooring solutions, particularly due to its micro-cement technology.
Ideal Work’s solutions, which complement existing ranges in the field of floor preparation and flooring adhesives, will reportedly allow Bostik to expand its offering and position itself in a niche market in flooring renovation and decoration. It is also expected that Ideal Work will be able to benefit from Bostik’s commercial network to accelerate its development and expertise globally.
According to Arkema, this bolt-on acquisition is in line with Bostik’s growth strategy in the construction market, particularly in the flooring solutions sector. It is also consistent with the group’s and Bostik’s corporate social responsibility (CSR) ambition. Ideal Work’s micro-cement technology reportedly uses solvent-free products or products with low volatile organic compound emissions, as well as recycled materials. The deal is expected to close in the fourth quarter of 2020.