2. Sep 2021
Markets & Firms
Arkema has signed an arrangement for the acquisition of Ashland’s Functionality Adhesives company. This is regarded as a big move in Bostik’s sturdy extended term advancement ambition.
Ashland General performance Adhesives is regarded a crucial player in stress-delicate adhesives in the United States.
Picture supply: geralt – Pixabay (image impression).
With believed profits of all around USD 360 million (EUR 305 million) and an estimated EBITDA at a really higher level of close to USD 95 million (EUR 80 million) in 2021, Ashland offers a portfolio of higher general performance adhesive alternatives in industrial apps.
Key player in stress-sensitive adhesive
Ashland Functionality Adhesives is regarded a important player in pressure-sensitive adhesives in the United States, functioning in high-growth applications, in individual in attractive, protection, and signage films for automotive and properties. Merged with Arkema subsidary Bostik’s and the Coating Methods segment’s options, its array is supposed to represent 1 of the most finish giving in the stress sensitive adhesives sector.
Ashland also retains important positions in structural adhesives in the United States, in individual in segments these types of as wooden bonding for construction, composites and transportation. This will, according to Arkema, let Bostik to complement its positions.
Ultimately, Ashland Performance Adhesives features a vast variety of adhesives for versatile packaging, addressing growing desire for more sustainable solutions. Many thanks to Ashland’s positioning in North America, Bostik is capable to entire its geographic existence in versatile lamination, becoming a single of the world’s critical players in this sector.
European Coatings Journal
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Manufacturers and suppliers, associations and institutes use European Coatings Journal as their preferred supply of information and facts for the professional, far more sensible elements of technology.
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