Arkema is expanding its offer of engineering adhesives with the planned acquisition of Shanghai Zhiguan Polymer Materials (PMP), a specialist in hot-melt adhesives for the consumer electronics market. This project is in line with Bostik’s strategy to build a strong position in the engineering adhesives market and to accelerate its development in the fast-growing electronics market, especially in Asia. PMP generates more than €1 million in annual sales.
These adhesives are mainly dedicated to the consumer electronics market and are used in the bonding of mobile phones, tablets, laptops and connected objects.
Thanks to its expertise in formulating innovative solutions and its recognized know-how in processes and R&D, PMP has developed solid positions in the very demanding and high-added-value consumer electronics market.
With this acquisition, Bostik will strengthen its portfolio of technologies in engineering adhesives, where the group already has a robust know-how in cyanoacrylate, MMA and UV technologies, developed notably through the acquisitions of Afinitica, Nitta and AEC Polymers.
This operation is scheduled to close in Q1 2022.
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