# Arkema to acquire Ashland's Performance Adhesives business Arkema signed an agreement to acquire Ashland's Performance Adhesives business, which will be integrated into Bostik. The deal aligns with Arkema's ambition to become a pure Specialty Materials player by 2024. - Type: Acquisition - Announced: 2021-08-31 - Where: North America (primarily), United States - Value: $1.65B - Jobs: 330 - Status: announced - Products: performance adhesives, pressure-sensitive adhesives, structural adhesives - Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md) ## Companies - [Bostik](https://endata.com/companies/7030.md) (partner) - [Arkema](https://endata.com/companies/7031.md) (acquirer) - [Ashland](https://endata.com/companies/20300.md) (target) - [Ashland Global Holdings Inc](https://endata.com/companies/23383.md) (target) ## Sources - [arkema.com](https://www.arkema.com/global/en/media/newslist/news/global/corporate/2021/20210831-arkema-acquires-ashland-performance-adhesives/), 2021-08-31: "This project is perfectly aligned with the Group’s ambition to become a pure Specialty Materials player by 2024." - [bostik.com](https://www.bostik.com/global/en/newslist/news/global/arkema-announces-acquisition-ashland-adhesive-performance/), 2021-08-31: "This project perfectly aligns with the Arkema Group’s ambition to become a pure Specialty Materials player by 2024 and focus its development on sustainable and high performance solutions." - [adhesivesmag.com](https://www.adhesivesmag.com/articles/98811-arkema-to-acquire-ashlands-performance-adhesives-division-for-nearly-17-billion), 2021-08-31: "We are very happy and proud of this move." - [businesswire.com](https://www.businesswire.com/news/home/20210830005653/en/Arkema-Acquires-Ashlands-Performance-Adhesives-and-Reaches-a-New-Milestone-in-the-Groups-2024-Ambition), 2021-08-31: "We are very happy and proud of this move." - [investor.ashland.com](https://investor.ashland.com/news-releases/news-release-details/ashland-signs-definitive-agreement-sell-performance-adhesives), 2021-08-31: "Performance Adhesives is a high-quality business with a strong and dedicated team that has demonstrated consistent and exceptional financial performance over the years." - [news.bloomberglaw.com](https://news.bloomberglaw.com/mergers-and-acquisitions/arkema-acquires-ashland-adhesives-business-for-1-65-billion), 2021-08-31: "Arkema expects the business to boost net earnings in the first year and add one euro per share by 2026." - [finanznachrichten.de](https://www.finanznachrichten.de/nachrichten-2021-08/53814114-arkema-acquires-ashland-s-performance-adhesives-and-reaches-a-new-milestone-in-the-group-s-2024-ambition-004.htm), 2021-08-31: "This project perfectly aligns with the Group's ambition to become a pure Specialty Materials player by 2024 and focus its development on sustainable and high performance solutions." - [packaging-gateway.com](https://www.packaging-gateway.com/news/arkema-ashland-adhesives/), 2021-08-31: "the acquisition of Ashland's adhesives business is a fantastic opportunity to reinforce [our] presence in the US and to accelerate Bostik's growth." - [chemengonline.com](https://www.chemengonline.com/arkema-acquires-ashlands-performance-adhesives-business-for-1-65-billion/?printmode=1), 2021-08-31: "Arkema S.A. signed an agreement related to the acquisition of Ashland Global Holdings Inc.'s Performance Adhesives business." - [usglassmag.com](https://www.usglassmag.com/arkema-acquires-ashlands-performance-adhesives/), 2021-09-01: "The acquisition of Ashland’s adhesives business is a fantastic opportunity to reinforce the Group’s presence in the U.S. and to accelerate Bostik’s growth." - [pcimag.com](https://www.pcimag.com/articles/topic/2649-company-news?page=283), 2021-09-02: "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." - [compositesworld.com](https://www.compositesworld.com/news/arkema-acquires-ashlands-performance-adhesives-business-reaches-new-growth-milestone), 2021-09-03: "Arkema signed on Aug. 31 for the acquisition of Ashland’s Performance Adhesives business." - [everchem.com](https://everchem.com/arkema-acquires-ashlands-adhesives-business/), 2021-09-07: "An agreement was signed today for the acquisition of Ashland’s Performance Adhesives business, a first-class leader in high performance adhesives for industrial applications in the United States with a unique and innovative product portfolio." - [everchem.com](https://everchem.com/arkema-acquires-ashlands-adhesives-business-2/), 2021-09-07: "This project is perfectly aligned with the Group’s ambition to become a pure Specialty Materials player by 2024." - [cen.acs.org](https://cen.acs.org/business/mergers-&-acquisitions/Arkema-bags-Ashlands-adhesives-business/99/i32), 2021-09-07: "Continuing its push into the adhesives industry, Arkema has agreed to acquire Ashland’s adhesives business for $1.65 billion." - [chemweek.mydigitalpublication.com](https://chemweek.mydigitalpublication.com/articles/arkema-to-acquire-ashland-s-performance-adhesives-business), 2021-09-09: "The acquisition is a 'major step' in strengthening its adhesive solutions business, Bostik." - [adhesivesmag.com](https://www.adhesivesmag.com/articles/topic/2641-mergers-acquisitions?page=25), 2021-09-27: "Arkema to Acquire Ashland’s Performance Adhesives Division for Nearly $1.7 Billion." --- Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.