# Bostik-Nitta JV to acquire Nitta-Gelatin's industrial adhesives business

Arkema announced that its Bostik-Nitta joint venture will acquire the industrial adhesives business of Nitta-Gelatin Inc., representing sales of about €30 million. The acquisition is expected to close in summer 2018.

- Type: Acquisition
- Announced: 2018-05-17
- Where: Japan
- Value: $36.0M (30.0M EUR)
- Status: announced
- Products: industrial adhesives
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [Bostik](https://endata.com/companies/7030.md) (acquirer)
- [Bostik](https://endata.com/companies/7030.md) (partner)
- [Arkema](https://endata.com/companies/7031.md) (investor)
- [Arkema](https://endata.com/companies/7031.md) (partner)
- [Bostik-Nitta](https://endata.com/companies/7032.md) (acquirer)
- [Nitta Gelatin](https://endata.com/companies/29198.md) (target)

## Sources

- [bostik.com](https://www.bostik.com/global/en/newslist/news/global/20180517-bostik-steps-up-i/), 2018-05-17: "The proposed acquisition by the Bostik-Nitta joint-venture of the industrial adhesives of Nitta-Gelatin Inc."
- [arkema.com](https://www.arkema.com/global/en/media/newslist/news/global/corporate/2018/20180517-Bostikaccelere-so/), 2018-05-17: "Arkema has announced the proposed acquisition by the Bostik-Nitta joint-venture of the industrial adhesives of Nitta-Gelatin Inc."
- [textileworld.com](https://www.textileworld.com/textile-world/nonwovens-technical-textiles/2018/05/bostik-steps-up-its-development-in-adhesives-in-japan/), 2018-05-17: "The acquisition is due to be completed this summer subject to approval by anti-trust authorities."
- [chemengonline.com](https://www.chemengonline.com/arkema-announces-plans-for-acquisition-new-adhesives-plant-in-japan/?printmode=1), 2018-05-18: "These operations will enable Bostik to supply its Japanese customers in the buoyant nonwoven markets for hygiene applications."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.