The Ashland Performance Adhesives acquisition by Arkema remains our most popular news story for the second consecutive week (Arkema to Acquire Ashland’s Performance Adhesives Division for Nearly $1.7 Billion): “‘Ashland’s adhesives will constitute a new technological platform for our adhesives and the synergies are particularly high given the geographical and application complementarities with Bostik and our Coating Solutions platform,’ said Thierry Le Hénaff, Arkema’s chairman and CEO. ‘The cultures of the teams are very close, focused on customer centricity and sustainable innovation. We look forward to welcoming Ashland’s high-caliber management team and to partner together for this high value creative deal.’
“With projected sales of $360 million for 2021, Ashland’s Performance Adhesives business has reportedly enjoyed sustained growth in recent years and has significant growth potential in Europe and Asia. The division employs approximately 330 people and operates six production plants, mainly in North America.
“‘Performance Adhesives is a high-quality business with a strong and dedicated team that has demonstrated consistent and exceptional financial performance over the years,’ said Guillermo Novo, Ashland chairman and CEO. ‘I want to thank the leadership team and global employees for their dedication and commitment to Ashland and to our customers. I believe that Arkema will be a great owner of the business, creating value for customers and employees.’”
Top 5 News that Sticks for September 5-11
- Arkema to Acquire Ashland’s Performance Adhesives Division for Nearly $1.7 Billion second week at #1
- Kraton to Increase Prices for Crude Tall Oil Refinery Products and Derivatives
- Avery Dennison Completes Vestcom Acquisition
- Covestro and Hesse Produce Life Cycle Assessment of Wood and Furniture Coatings
- DuPont Named Finalist for Two R&D 100 Awards
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.