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
- Arkema to Acquire Ashland’s Performance Adhesives Division for Nearly $1.7 Billion
- Sika to Divest European Industrial Coatings Business
- Bostik Exhibits Specialty Hot Melts at Techtextil North America
- 3M Focuses on Water Conservation with New Initiatives
- 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.