# Ashland sells performance adhesives business to Arkema for $1.65 billion

Ashland Global Holdings Inc. signed a definitive agreement to sell its performance adhesives business to Arkema in an all-cash transaction valued at approximately $1.65 billion.

- Type: Acquisition
- Announced: 2021-04-23
- Where: Italy, Italy
- Value: $1.65B
- Status: announced
- Products: performance adhesives
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [Arkema](https://endata.com/companies/7031.md) (acquirer)
- [Ashland Global Holdings Inc](https://endata.com/companies/23383.md) (target)
- [Agiplast](https://endata.com/companies/42773.md) (target)

## Sources

- [pcimag.com](https://www.pcimag.com/articles/topic/4567-news?page=415), 2021-04-23: "Ashland Global Holdings Inc. announced that its wholly owned subsidiary, Ashland LLC, has signed a definitive agreement to sell its performance adhesives business to Arkema in an all-cash transaction valued at approximately $1.65 billion."
- [arkema.com](https://www.arkema.com/global/en/media/newslist/news/global/corporate/2021/20210525-circular-economy-acquisition-agiplast/), 2021-05-25: "With the planned acquisition of Agiplast, a leader in the regeneration of high performance polymers, in particular specialty polyamides and fluoropolymers, Arkema will be able to offer a full service to customers in terms of materials circularity."
- [textileworld.com](https://www.textileworld.com/textile-world/fiber-world/2021/05/arkema-acquires-agiplast/), 2021-05-25: "With the planned acquisition of Agiplast, a leader in the regeneration of high performance polymers, in particular specialty polyamides and fluoropolymers, Arkema will be able to offer a full service to customers in terms of materials circularity."
- [echemi.com](https://www.echemi.com/cms/238431.html), 2021-05-28: "Through this acquisition, Arkema will become the first fully integrated high-performance polymer manufacturer that provides both bio-based materials and recycled materials."
- [bostik.com](https://www.bostik.com/global/en/newslist/news/global/Arkema%20aquires%20Agiplast/), 2021-06-02: "Arkema plans to acquire Agiplast, a company specialized in the regeneration of high performance polymers and its historical partner in recycling operations."

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