Bostik Completes Integration of Ashland Performance Adhesives to Leverage Synergies
Latest: Four months after completing the acquisition of Ashland’s performance adhesives business, Bostik, Arkema’s adhesive solutions division, has completed the integration of these businesses within its organization. This milestone marks an important step forward for Bostik in its ability to achieve expected synergies and growth.
As a result of the integration of Ashland’s high-performance adhesives business, Bostik has restructured its operations to strengthen its customer-centric philosophy and ability to develop innovative, more sustainable, high-value solutions in a broad range of markets, The business is now centered on four markets.
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Consumer Durables combines Bostik’s traditional consumer durables business with Ashland’s structural adhesives business, strengthening the ability to develop custom solutions for high-value markets such as assembly, mobile, engineered adhesives and building components.
– The Advanced Packaging and Processing business integrates Ashland’s pressure-sensitive adhesives and lamination and coating businesses, strengthening its market leadership and geographic reach to meet the needs of global customers in the coil processing industry.
– The Hygiene, Paper and Board business combines the Bostik nonwovens and rigid packaging businesses to serve global consumer goods customers in the hygiene and end-use packaging industries.
– The Construction & Consumer business remains unchanged, serving professional and personal construction clients.
According to Bostik CEO Vincent
According to LEGROS: “The acquisition of Ashland’s Performance Adhesives provides a unique opportunity to move a threshold in our strategy to provide customers with customized, high-value, innovative adhesive solutions. Our new The organization will help us realize this strategy and actively promote Arkema’s ambition to become a pure-play specialty materials business. All teams are very excited about the many opportunities this will bring.”
With the world’s most complete range of pressure-sensitive adhesives and market leadership in structural adhesives and flexible lamination, this new facility will develop innovative and more sustainable solutions with customers and the rest of the Arkema Group The programme offers significant opportunities while helping to globalise activities in some key markets.
About Bostik – Arkema’s Adhesive Solutions Division
Bostik, a subsidiary of the Arkema Group, is a global player in specialty adhesives for the construction, consumer and industrial markets, developing innovative and versatile sealing and gluing solutions that have been shaping our daily lives for over 130 years. With annual sales of more than 2 billion euros, operations in more than 50 countries, and more than 6,500 employees, the company is committed to meeting major ecological, energy and technological challenges through innovation. It focuses on continuous improvement and operational excellence to meet the expectations of its customers and partners.