Arkema to Buy Adhesives Producer Fixatti
31st July 2020
French chemical producer Arkema is planning to acquire Fixatti, a Belgian high-performance thermobonding adhesive powders manufacturer. The move is intended to strengthen subsidiary Bostik’s global offering of high value-added technologies in hotmelt adhesive solutions for niche applications in the construction, technical coating, battery, automotive and textile printing industries.
The closing of the deal is expected in the fourth quarter of 2020, subject to approval by antitrust authorities in the relevant countries.
Arkema said the acquisition should complement the organic growth of its Adhesive Solutions segment with high-quality bolt-on acquisitions and also increase this segment’s EBITDA margin to 16% by 2024. The plan is also in line with its ambition to become a pure specialty materials player by 2024 with the three production segments of Adhesive Solutions, Advanced Materials and Coating Solutions.
With its grinding, polymerization and compounding capacities, Fixatti develops and markets a diversified range of high-performance, environmentally friendly thermobonding powders and operates two sites in Europe and one in China. Arkema said the portfolio addresses many of the bonding issues arising in its customer sectors. The company with 180 employees last reported sales of around €55 million.
Fixatti's copolyester and copolyamide polymerization capabilities are also seen as presenting strong synergies with one of Bostik's historic areas of expertise. Adhesive films manufacturer Prochimir, acquired last year, has a portfolio said to complement the new acquisition from a geographic and technological standpoint.
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