Arkema: an acquisition in adhesives in the United States

This acquisition should make it possible to strengthen the presence of the French chemist in the United States while accelerating the growth of Bostik, its subsidiary specializing in glues and adhesives. (Photo credit: Arkema – Vincent Colin)

(CercleFinance.com) – Arkema announced on Tuesday the acquisition of the performance adhesives business of the American Ashland on the basis of an enterprise value of 1.65 billion dollars (1.4 billion dollars). ‘euros) with a view to strengthening itself in specialty chemicals.

Ashland Performance Adhesives manufactures pressure sensitive adhesives for high growth applications, such as decorative films, automotive and building protection and signage.

This acquisition should make it possible to strengthen the presence of the French chemist in the United States while accelerating the growth of Bostik, its subsidiary specializing in glues and adhesives.

The operation will be accretive from the first year of integration in terms of net earnings per share and should increase it by one euro per share by 2026.

This takeover also allows Arkema to revise upwards its 2024 profitability target for its adhesives segment, which is now targeting an EBITDA margin of over 17%, among the best in the industry, for a single figure. business of more than three billion euros.

The acquired activity employs some 330 people.

Following this announcement, the Arkema share posted an increase of more than 4% Tuesday in the first exchanges on the Paris Stock Exchange.

.

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.