Readers last week were most drawn to yet another major industry acquisition (Arkema to Acquire Ashland’s Performance Adhesives Division for Nearly $1.7 Billion): “Arkema recently announced that it has signed an agreement for the acquisition of Ashland’s Performance Adhesives business. The offer was reportedly made on the basis of a $1.65 billion enterprise value. According to Arkema, the acquisition aligns with the group’s ambition to become a pure specialty materials player by 2024 while supporting Bostik’s strong long-term growth ambition.

‘We are very happy and proud of this move,’ said Thierry Le Hénaff, Arkema’s chairman and CEO. ‘In a context of strong earnings growth following the recent divestment of PMMA and the start of the strategic review of Fluorogases, the acquisition of Ashland’s adhesives business is a fantastic opportunity to reinforce the Group’s presence in the US and to accelerate Bostik’s growth. With an excellent business which holds leading positions in many high-growth segments and a high level of profitability, this project fully aligns with the Group’s targeted acquisition strategy…’”

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Top 5 News that Sticks for August 29 - September 4

  1. Arkema to Acquire Ashland’s Performance Adhesives Division for Nearly $1.7 Billion
  2. Sika to Divest European Industrial Coatings Business
  3. Bostik Exhibits Specialty Hot Melts at Techtextil North America
  4. 3M Focuses on Water Conservation with New Initiatives
  5. Palmer Holland Expands Distribution Relationship with Olin Epoxy into Canada

This weekly roundup highlights the adhesives, sealants, and coatings-related news stories that garnered the most attention during the previous week on our website, as well as our eNewsletters and social media platforms.