Industry News

Arkema Extends its Business by Acquiring Den Braven

Published on 2016-12-05. Author : SpecialChem

Arkema has completed the acquisition of Den Braven, one of the leaders in high performance sealants for insulation and construction in Europe. With this strong value-creating acquisition, Arkema confirms its long-term ambition for Bostik, and actively pursues the development of its High Performance Materials division.

Development of High Performance Materials Division

Den braven plant
Den Braven Plant
Den Braven offers an extensive range of sealing, bonding and foam solutions for construction professionals as well as industry. The company achieves annual sales of some €350 million (2016 estimate), and employs around 1,000 people.

Reinforcing Offers in Insulation and Construction Markets

With this acquisition, Bostik significantly reinforces its offering in the insulation and construction markets and creates one of the global market leaders in high performance sealants due to the excellent geographic, technological and commercial fit between the two groups.

Vincent Legros, Executive Vice President, Bostik said:

"We are pleased to welcome the Den Braven teams. Their state-of-the-art technologies, first-class industrial facilities and know-how widely recognized by their customers are all assets that we will continue to develop and build upon within Bostik. We are confident that this new growth platform will support our very strong ambition in adhesives."

This acquisition fully illustrates Arkema’s strategy to further strengthen the Group’s profile as well as reduce its capital intensity.

The integration of Den Braven offers significant synergies assessed in total at €30 million at least, and should be accretive to earnings per share and cash as from 2017. It represents a new milestone in the achievement of Bostik’s long-term ambition

About Arkema

Taking innovation as one of its core driving forces, Arkema is always dedicated to developing sustainable solutions in line with present and future needs. In Asia and China, Arkema is making full use of its Changshu R&D Center (CRDC) and other local application laboratories and facilities to provide more targeted competitive solutions to clients and help them win more market share.

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Source: Arkema
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