# Bostik invests $11M in joint venture with Cartell Chemical for cyanoacrylate monomers

Arkema's subsidiary Bostik has invested approximately $11 million in a joint venture with Taiwanese company Cartell Chemical Co, named CMC (Crackless Monomer Company). Bostik will own 51% of the JV, which will produce specialty cyanoacrylate monomers for high value-added engineering adhesives.

- Type: Acquisition
- 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) (acquirer)
- [Arkema](https://endata.com/companies/7031.md) (investor)
- [Cartell Chemical](https://endata.com/companies/52613.md) (partner)
- [Cartell Chemical](https://endata.com/companies/52613.md) (target)

## Sources

- [businesswire.com](https://www.businesswire.com/news/home/20210118005435/en/Arkema-Bostik-Invests-in-a-Joint-Venture-With-Cartell-Chemical-Co-to-Strengthen-Its-Instant-Engineering-Adhesives-Business), 2021-01-19: "CMC, which will be 51%-owned by Bostik for an investment of around US$ 11 million, will produce specialty cyanoacrylate monomers on an industrial scale at a competitive cost."
- [bostik.com](https://www.bostik.com/global/en/newslist/news/global/bostik-invests-in-a-joint-venture-with-cartell-chemical-co/), 2021-01-21: "CMC, which will be 51%-owned by Bostik for an investment of around US$ 11 million, will produce specialty cyanoacrylate monomers on an industrial scale."

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