TAGS: Hot-melt Adhesives
Arkema has announced the acquisition of Fixatti, a company specialized in high-performance thermobonding adhesive powders. The acquisition will enable Bostik to strengthen its global offering of hotmelt adhesive solutions for niche industrial applications in the construction, technical coating, battery, automotive, and textile printing markets.
Acquisition Part of Arkema's Roadmap to Focus on Pure Specialty Materials
The project is part of Bostik's targeted growth strategy in high value-added technologies, and is perfectly in line with the Group's roadmap to become a pure specialty materials player by 2024 centered around adhesive solutions, advanced materials, and coating solutions.
Fixatti develops and markets a diversified range of high-performance, environmentally friendly thermobonding powders in its grinding, polymerization and compounding capacities. The company offers solutions that address many of the bonding issues arising in the construction, technical coating, battery, automotive, and textile printing sectors.
Offering High-value-added Thermobonding Solutions
Fixatti's copolyester and copolyamide polymerization capabilities present strong synergies with Bostik's areas of expertise. Following the acquisition of Prochimir in adhesive films last year, the excellent geographic and technological complementarity of this acquisition will enable Bostik to become one of the world leaders in innovative and high-value-added thermobonding solutions.
The acquisition is perfectly in line with the Group's strategy to complement the organic growth of the adhesive solutions segment with high-quality bolt-on acquisitions. The acquisition with potential for synergies will contribute to the Group’s ambition to increase this segment’s EBITDA margin to 16 percent by 2024.
Closing of the deal is expected in fourth quarter 2020, subject to approval by the antitrust authorities in the relevant countries.
Source: Arkema