Arkema recently announced that Bostik will expand its offerings in high-performance adhesives in the U.S. with the planned acquisition of Edge Adhesives Texas, a complementary asset in hot-melt adhesives and pressure-sensitive adhesive tapes for residential construction. Arkema reports that this project is in line with its strategy of bolt-on acquisitions to develop greater breadth in adhesives and deliver new products to meet expanding demand. The deal is expected to close in the 2021 second quarter.
With annual sales of around $12 million, Edge Adhesives Texas is a developer and manufacturer of adhesive solutions used in residential buildings. The company, which operates a plant in Fort Worth, Texas, and has approximately 50 employees, specializes in custom formulations in fast-growing easy-install window, door, and roofing applications.
In addition to delivering strong technological, industrial, and commercial synergies, the project will reportedly enable Bostik to offer its customers an extended range of value-added and sustainable solutions in hot-melt pressure-sensitive adhesives. Arkema reports that the acquisition is in line with Bostik's growth strategy in high value-added adhesives and expands its presence in North America.