SINGAPORE – Arkema announced that Bostik, a leading global adhesive specialist for the industrial, construction and consumer markets, and part of the Arkema Group, plans to acquire Prochimir, a company specializing in high-performance thermo-bonding adhesive films.
The acquisition would enable Bostik to broaden its offering of solvent-free thermo-bonding solutions earmarked for many fast-growing industrial applications in the automotive, construction, textile and medical markets. It would position Bostik among the players in thermo-bonding films, which is part of Bostik’s strategy to expand through acquisitions targeting leading technologies in a market that remains fragmented.
Thanks to its technical expertise and capacity for innovation, Prochimir develops and markets high-performance thermo-bonding films, used in a growing number of applications in the automotive, construction, textile and healthcare sectors. These environmentally sound solutions ensure excellent adhesion on materials, addressing many bonding issues.
Prochimir is an expert in thermo-bond films and breathable membranes. It has strong commercial positions with its customers, which are leaders in their markets. The company operates two production facilities, in France (Vendée) and in the United States (Virginia), employs 85 people, and currently reports €30 million sales, with steady growth in the last five years. Prochimir’s innovative solutions are sold around the world, and exports account for 75% of sales.
This activity perfectly complements Bostik’s offering in specialty thermo-bonding solutions, and offers plenty of strong technological and commercial synergies that will speed up Bostik’s development in the fast-growing markets of adhesive bonding.
Closing of the deal is expected in fourth quarter 2019, subject to consultation of trade unions and approval by the antitrust authorities in the relevant countries.
Bostik is a leading global adhesive specialist in construction, consumer and industrial markets. For more than a century, it has been developing innovative adhesive solutions that are smarter and more adaptive to the forces that shape daily lives. The company employs 6,000 people and has a presence in more than 50 countries.
For the latest information, visit https://www.bostik.com/.