Arkema Strengthens Its Portfolio of Engineering Adhesives With the Acquisition of PMP in China
February 21 2022 - 11:30AM
Business Wire
Regulatory News:
Arkema (Paris:AKE) is expanding its offer of engineering
adhesives with the planned acquisition of Shanghai Zhiguan Polymer
Materials (PMP), specialized in hot-melt adhesives for the consumer
electronics market. This project is in line with Bostik’s strategy
to build a strong position in the attractive engineering adhesives
market and to accelerate its development in the fast-growing
electronics market, especially in Asia.
Arkema is announcing the planned acquisition of Chinese company
PMP (Shanghai Zhiguan Polymer Materials), which specialises in
reactive hot-melt polyurethane (HMPUR) adhesives and generates over
€1 million in annual sales. These adhesives are mainly dedicated to
the consumer electronics market and are used in the bonding of
mobile phones, tablets, laptops and connected objects.
Thanks to its expertise in formulating innovative solutions and
its recognized know-how in processes and R&D, PMP has developed
solid positions in the very demanding and high-added-value consumer
electronics market. With this acquisition, Bostik will strengthen
its portfolio of technologies in engineering adhesives, where the
Group already has a robust know-how in cyanoacrylate, MMA and UV
technologies, developed notably through the acquisitions of
Afinitica, Nitta and AEC Polymers.
Thanks to strong technological and commercial complementarities,
this bolt-on acquisition offers many development synergies, and
will contribute to substantially accelerating Bostik’s expansion in
the fast-growing consumer electronics market in Asia.
This operation is scheduled to close in Q1 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.
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France T +33 (0)1 49 00 80 80 arkema.com
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version on businesswire.com: https://www.businesswire.com/news/home/20220221005303/en/
Investor 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
Press 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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