The acquisition is in line with Arkema’s strategy to grow its Adhesive Solutions segment.
Arkema recently announced its proposed acquisition of South Africa-based Permoseal, a manufacturer of adhesive solutions for woodworking, packaging, construction, and DIY. Arkema reports that Permoseal’s brands, including Alcolin®, and its range of high-performance adhesive solutions will complement Bostik’s offering in the region.
With estimated sales of €44 million (approximately $49.6 million) in 2021, Permoseal operates two production plants in South Africa. The company offers a portfolio of technical and sustainable solutions for packaging, wall and floor preparation, renovation, and waterproofing. Arkema reports that Permoseal has a strong presence in South Africa’s retail chains and is the exclusive distributor of the Bostik® and Evo-Stik® brands in the region.