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Arkema to acquire adhesive powders firm Fixatti

July 21/2020

MOSCOW (MRC) -- Arkema says it plans to acquire Fixatti (Zurich, Switzerland), a company specialized in high-performance thermobonding adhesive powders, said Chemweek.

The deal will enable Bostik, a subsidiary of Arkema, to enhance its offering of hotmelt adhesive products for niche industrial applications in the construction, technical coating, battery, automotive, and textile printing markets, Arkema says. The acquisition is expected to close in the fourth quarter of 2020, subject to approval by the antitrust authorities in the relevant countries, the company says.

The transaction forms part of Arkema's strategy to complement the organic growth of its adhesive solutions segment with bolt-on acquisitions, the company says. It is in line with the company's roadmap to become a pure specialty materials player by 2024 centered around adhesive solutions, advanced materials, and coating solutions, the company says. The deal also forms part of Bostik's targeted growth strategy in high value-added technologies, the company says.

The acquisition of Fixatti also has the potential to contribute to Arkema's ambition to increase Bostik's EBITDA margin to 16% by 2024, Arkema says. Moreover, it complements Bostiks acquisition of Prochimir (Pouzauges, France), a company specialized in high-performance thermobonding adhesive film, last year, the company says. Fixatti operates two sites in Europe and one in China, employs 180 people, and has annual sales of about EUR55 million, Arkema says. It develops and markets a range of thermobonding powders.

As MRC informed earlier, in October 2019, Arkema successfully brought on stream a new 90,000-ton acrylic acid reactor at its Clear Lake, Texas site to support the growth of its North American customers in the superabsorbents, paints, adhesives and water treatment markets.

As MRC informed earlier, Russia's output of products from polymers grew in April 2020 by 11.2% year on year due to quarantine restrictions. However, this figure increased by 3.4% year on year in the first four months of 2020.  According to the Russian Federal State Statistics Service, April production of unreinforced and non-combined films decreased to 107,000 tonnes from 110,400 tonnes a month earlier. Output of films products grew in the first four months of 2020 by 12.5% year on year to 402,800 tonnes.

Arkema is a global manufacturer in specialty chemicals and advanced materials, with 3 business segments - High Performance Materials, Industrial Specialties, and Coating Solutions - and globally recognized brands. The Group reports annual sales of EUR8.8 billion. Buoyed by the collective energy of its 20,000 employees, Arkema operates in close to 55 countries.


mrcplast.com
Author:Anna Larionova
Tags:petroleum products, PP, PE, petrochemistry, Arkema.
Category:General News
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