Arkema Strengthens Its Positions in Adhesives in South Africa With the Acquisition of Permoseal
December 16 2021 - 1:16PM
Business Wire
Regulatory News:
Arkema (Paris:AKE) announces the proposed acquisition of
Permoseal in South Africa, one of the leaders in adhesive solutions
for woodworking, packaging, construction and DIY. Its well-known
brands, including Alcolin®, and its extensive range of
high-performance adhesive solutions will complement Bostik’s
offering in the region, strengthening their positions in South
Africa’s and Sub-Saharan Africa’s dynamic industrial, construction
and DIY markets.
Permoseal offers a large portfolio of technical and sustainable
solutions for packaging, as well as for wall and floor preparation,
renovation and waterproofing. Leveraging its well-known brands,
Permoseal has a strong presence in South Africa’s retail chains,
and is the exclusive distributor of the Bostik® and
Evo-Stik® brands in the region. The company, with sales
estimated at €44 million in 2021, operates two production plants in
the country.
With this proposed acquisition, Bostik will significantly
strengthen its presence in South Africa in the DIY adhesives
sector, in which the Bostik® and Den Braven® brands are already
well established. The complementarity of product portfolios will
allow Bostik to broaden its customer offering in the South African
construction market, and continue its expansion in the region,
benefiting in particular from strongly growing demand in the
building renovation market. The project will also enable Bostik to
consolidate its position in packaging adhesives, and expand its
offering of sustainable solutions for the industrial sector in the
South African market.
This bolt-on acquisition is in line with the strategy to grow
the Group’s Adhesive Solutions segment and offers many development
synergies. This project, which is subject to approval by antitrust
authorities, should be finalized in second-quarter 2022.
Building on its unique set of expertise in materials science,
Arkema offers a portfolio of first-class technologies to
address ever-growing demand for new and sustainable materials. With
the ambition to become in 2024 a pure player in Specialty
Materials, the Group is structured into 3 complementary, resilient
and highly innovative segments dedicated to Specialty Materials
-Adhesive solutions, Advanced Materials, and Coating Solutions-
accounting for some 82% of Group sales in 2020, and a
well-positioned and competitive Intermediates segment. Arkema
offers cutting-edge technological solutions to meet the challenges
of, among other things, new energies, access to water, recycling,
urbanization and mobility, and fosters a permanent dialogue with
all its stakeholders. The Group reported sales of around €8 billion
in 2020, and operates in some 55 countries with 20,600 employees
worldwide.
A French société anonyme (limited company) with share capital of
€767,364,760 – Registered in Nanterre: RCS 445 074 685 Nanterre
Arkema
420 rue d’Estienne d’Orves 92705 Colombes Cedex France P +33
(0)1 49 00 80 80 arkema.com
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version on businesswire.com: https://www.businesswire.com/news/home/20211216005970/en/
Investor relations contacts Béatrice Zilm +33 (0)1 49 00
75 58 beatrice.zilm@arkema.com Peter Farren +33 (0)1 49 00 73 12
peter.farren@arkema.com Mathieu Briatta +33 (0)1 49 00 72 07
mathieu.briatta@arkema.com Caroline Chung +33 (0)1 49 00 74 37
caroline.chung@arkema.com
Media contacts Gilles Galinier +33 (0)1 49 00 70 07
gilles.galinier@arkema.com Véronique Obrecht +33 (0)1 49 00 88 41
veronique.obrecht@arkema.com
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