Arkema Acquires Dow’s Flexible Packaging Laminating Adhesives Business
Dow’s flexible packaging laminating adhesives business offers a broad range of high-quality solutions in food and medical applications, where flexible packaging is the optimal solution in terms of efficiency, as well as for industrial lamination (window films, photovoltaic backsheets, etc.). The flexible packaging market is expected to grow at GDP+ in the coming years, driven in particular by the need for more sustainable and recyclable solutions. Boasting cutting-edge technologies, well-recognized brands such as ADCOTE™ and MOR-FREETM, and five state-of-the-art production sites in
Combined with Bostik’s existing commercial presence, product offering and technological breadth for flexible packaging, this operation will enable Bostik to ideally complement its existing business, marking a step change and a unique opportunity for Bostik to position itself as one of the key global partners for customers across the packaging industry.
Beyond benefiting from the underlying growth and the recovery of the market in the coming years,
The proposed acquisition is fully in line with the Group’s strategy to expand in superior technologies and growing markets and constitutes another important step to support the future growth of its Adhesive Solutions segment. It is based on an enterprise value of
“We are very happy to announce this great acquisition which is perfectly in line with Arkema’s strategy to offer its customers innovative products with high technological content and continue to grow in the attractive adhesives segment. It will allow the Group and Bostik to broaden its commercial and geographic presence in packaging and complete its product ranges in this demanding and rapidly evolving market, notably regarding sustainable development challenges. We are very happy to welcome Dow’s teams in this new development stage”, stated
The project is subject to the approval of certain antitrust authorities and is expected to close in the fourth quarter of 2024.
Building on its unique set of expertise in materials science,
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