Bostik Acquiring XL Brands

PARIS – Adhesive producer Bostik is looking to add XL Brands to its lineup in floor-coverings solutions.

XL Brands is a leader in adhesives for resilient and soft flooring in the United States. With a highly competitive and brand-new production facility in Dalton, Ga., the compan solutions that are fully complementary to Bostik’s product range in the United States.

This bolt-on acquisition by Bostik’s parent company Arkema, which complements the pickup of CMP Specialty Products last May, is expected to close by the of end 2017 and is subject to regulatory approval by antitrust authorities.

With this transaction, Arkema actively pursues its development strategy in adhesives, which should exceed one third of the company’s sales by 2023.

Bostik is a leading global adhesive specialist in construction, consumer and industrial markets. With annual sales of €1.95 billion, the company employs 6,000 people and has a presence in more than 50 countries. It’s part of Arkema, which employs 20,000 people worldwide.

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