# Bostik invests $11M in CMC joint venture for cyanoacrylate monomers

Arkema's Bostik is investing around $11 million in CMC, a joint venture with Cartell Chemical Co, to produce specialty cyanoacrylate monomers on an industrial scale for engineering adhesives used in electronics, medical equipment, and DIY markets.

- Type: Investment
- Announced: 2021-01-19
- Where: TWN
- Value: $11.0M
- Status: announced
- Products: cyanoacrylate monomers, engineering adhesives
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [Bostik](https://endata.com/companies/7030.md)
- [Bostik](https://endata.com/companies/7030.md) (investor)
- [Arkema](https://endata.com/companies/7031.md) (partner)
- [Cartell Chemical](https://endata.com/companies/52613.md) (partner)
- [Crackless Monomer Co.](https://endata.com/companies/52943.md) (target)

## Sources

- [arkema.com](https://www.arkema.com/global/en/media/newslist/news/global/corporate/2021/20210119-arkema-invests-in-cartell-chemical/), 2021-01-19: "This investment complements the acquisition of Afinitica in 2018, and enables Bostik to further expand its range of instant engineering adhesives, manufactured through a patented and innovative 'crackless' process."
- [nasdaq.com](https://www.nasdaq.com/press-release/arkema:-bostik-invests-in-a-joint-venture-with-cartell-chemical-co-to-strengthen-its), 2021-01-19: "This investment complements the acquisition of Afinitica in 2018, and enables Bostik to further expand its range of instant engineering adhesives, manufactured through a patented and innovative 'crackless' process."
- [adhesivesmag.com](https://www.adhesivesmag.com/blogs/14-adhesives-blog/post/98341-bostik-investment-in-crackless-monomer-leads-the-news), 2021-02-01: "CMC, which will be 51% owned by Bostik for an investment of around $11 million, will produce specialty cyanoacrylate monomers on an industrial scale at a competitive cost."

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