Arkema-Owned Bostik Buys US Adhesives Firm
Bostik, the adhesive technologies business of specialty chemicals and materials firm Arkema, revealed plans Monday to acquire Edge Adhesives Texas, a US-based supplier of hot-melt adhesives and pressure sensitive adhesive tapes to the residential construction industry. Arkema said the transaction will expand its range of adhesives offerings in the US market and is in line with its strategy of bolt-on- acquisitions to boost its foothold in the adhesives space and enter new product categories. The Fort Worth, TX company generates annual sales of about $12 million and has 50 employees, focusin...