Arkema Finalizes Acquisition of Ashland’s Performance Adhesives Business
Arkema recently announced that it finalized its acquisition of Ashland’s Performance Adhesives Business on February 28, 2022. According to Arkema, the acquisition offers excellent commercial, technological, and geographic complementarities with Bostik, allowing it to expand its solutions offering and position itself as a major player in high-performance industrial adhesives.
Ashland Performance Adhesives supplies pressure-sensitive adhesives, particularly in decorative, protection, and signage films for automotive and buildings, as well as structural adhesives and adhesives for flexible packaging. The business, which employs approximately 330 people and operates six production plants, mainly in North America, generated estimated sales of around $360 million last year.