Arkema recently announced that Bostik will reinforce its presence in the fast-growing Brazilian construction adhesives market with the planned acquisition of Poliplas Ltda., a producer of hybrid technology sealants and adhesives. With sales of around €10 million (approximately $12.1 million) in 2020 and a plant in São José do Rio Preto, in the state of São Paulo, Poliplas provides its more than 2,000 customers with sealing and bonding solutions in several technologies used in construction. Bostik is currently present in Brazil through its Fortaleza brand.
Arkema reports that Poliplas is the largest local player in fast-growing hybrid sealants and adhesives, a technology with a wide range of implementation properties and a core technology for Bostik globally. Poliplas is a key player in the Brazilian adhesives market with a strong presence in different distribution channels, targeting construction and industrial markets that will complete Fortaleza's offering in the region.
Additional details are available at www.bostik.com.