Arkema has acquired a 54% stake in PI Advanced Materials. The mutually beneficial agreement is expected to earn €30 million (EBITDA) over the next five years.
The acquisition of Critica, a U.S.-based company, will allow for significant expansion of Henkel’s sustainable maintenance, repair, and overhaul portfolio.
Despite a sharp rise in interest rates with the corresponding negative impact on the construction industry, Sika saw a significant profitability increase in the third quarter.