Arkema is expanding in engineering adhesives with the announcement
of the acquisition of Afinitica, a Spanish company specializing in instant
adhesives, also known as cyanoacrylates. This small targeted acquisition will
enable Bostik to develop a solid position in adhesives used in markets with
strong growth potential, including electronics and medical equipment, and in
many other durable goods manufacturing applications.
Afinitica has developed and patented a highly
innovative manufacturing process for cyanoacrylate monomers used in the formulation
of instant engineering adhesives with a broader scope of applications than
traditional cyanoacrylates.The new adhesives formulated by Afinitica can be
used on any type of surface and with any material (metal, wood, ceramic,
plastics, etc.), and offer the advantage of being odorless, non-irritant, and
leaving no trace. Instant adhesives are used in particular in high
added value niche applications in the electronics markets, with their many
applications such as automotive or communication, as well as in optical and
medical device markets. They are enjoying strong growth thanks to the surge in
the use of electronics in all aspects of everyday life. With this targeted acquisition, Bostik will
expand its existing range of assembly adhesives, while also speeding up the
development of its offering for the durable goods markets. This acquisition confirms Arkema’s commitment to
continue the expansion of its adhesives business, one of the major drivers of
its long-term growth.
About Bostik, an Arkema
company
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. From cradle to grave, from home to office,
Bostik’s smart adhesives can be found everywhere. With annual sales of €2
billion, the company employs 6,000 people and has a presence in more than 50
countries. For the latest information, visit https://www.bostik.com/.
About Arkema
A designer of materials and innovative solutions, Arkema shapes
materials and creates new uses that accelerate customer performance. Our balanced
business portfolio spans high-performance materials, industrial specialties and
coating solutions. Our globally recognized brands are ranked among the leaders
in the markets we serve. Reporting annual sales of €8.3 billion in 2017, we
employ approximately 20,000 people worldwide and operate in close to 55
countries. We are committed to active engagement with all our stakeholders. Our
research centers in North America, France and Asia concentrate on advances in
bio-based products, new energies, water management, electronic solutions,
lightweight materials and design, home efficiency and insulation.
www.arkema.com
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