Arkema (Colombes, France) announced plans to acquire Shanghai Zhiguan Polymer Materials (PMP), a Chinese company that specializes in reactive hot-melt polyurethane adhesives and generates more than €1 million (~$1.2 million) in annual sales. The acquisition is expected to be finalized in Q1 2022.
According Arkema, the acquisition of PMP is in line with the corporate strategy of Bostik—an industrial constructive adhesives subsidiary to Arkema—to build a strong position in the engineering adhesives market and to accelerate its development in the fast-growing Asian electronics market. These adhesives are mainly dedicated to the consumer electronics market and are used in the bonding of mobile phones, tablets, laptops, and connected objects.
With the company’s expertise in formulating innovative solutions and leveraging R&D knowledge and processes, PMP has developed solid positions in the consumer electronics market. With this acquisition, Bostik expects to strengthen its portfolio of technologies in engineering adhesives, augmenting the group’s specialties in cyanoacrylate, MMA. and UV technologies that was developed through the acquisitions of Afinitica, Nitta, and AEC Polymers.
Thanks to strong technological and commercial complementarities, this bolt-on acquisition offers many development synergies that will contribute to accelerating Bostik’s expansion in the consumer electronics market in Asia.
Source: Arkema, www.arkema.com.