Bostik to acquire XL Brands for $205 million

Bostik, a subsidiary of Arkema, announced the proposed acquisition of XL Brands, a leader in floor covering adhesives in the United States, for an enterprise value of $205 million. The acquisition is expected to close by end of 2017.

“This bolt-on acquisition, which complements the acquisition of CMP last May, will help Bostik become one of the leaders in floor covering adhesives in the United States.”arkema.com

• 3 sources
• arkema.comBostik acquires XL Brands in flooring adhesives in the United States | Arkema GlobalNov 6, 2017
• prnewswire.comBostik Acquires XL Brands in Flooring Adhesives in the United StatesBostikNov 6, 2017
• floordaily.netBostik to Acquire XL BrandsKemp HarrNov 7, 2017

Summarized from public sources; check the original articles before acting on it.