# Arkema finalizes acquisition of Ashland's performance adhesives business

Arkema finalized the acquisition of Ashland's Performance Adhesives business on 28 February 2022 for an enterprise value of US$1,650 million. The business employs about 330 people and operates 6 production plants, mainly in North America.

- Type: Acquisition
- Announced: 2022-02-28
- Where: North America (multiple plants), United States
- Value: $1.65B
- Jobs: 330
- Status: completed
- Products: performance adhesives, pressure-sensitive adhesives, structural adhesives, adhesives for flexible packaging
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [Arkema](https://endata.com/companies/7031.md) (acquirer)
- [Ashland](https://endata.com/companies/20300.md) (target)

## Sources

- [arkema.com](https://www.arkema.com/global/en/media/newslist/news/global/investorrelations/2022/20220228-finalization-acquisition-ashland-performance-adhesives/), 2022-02-28: "This operation marks a major step in Arkema’s strengthening of its Adhesive Solutions segment, and fully aligns with the Group’s strategy to become a pure Specialty Materials player by 2024."
- [businesswire.com](https://www.businesswire.com/news/home/20220228005985/en/Arkema-Finalizes-the-Acquisition-of-Ashlands-Performance-Adhesives-Business), 2022-02-28: "We are very happy to welcome Ashland Performance Adhesives’ teams within Arkema."
- [bostik.com](https://www.bostik.com/global/en/newslist/news/global/bostik-global-news-acquisition-ashland-01032022/), 2022-03-01: "Our parent company Arkema finalized on 28 February 2022 the acquisition of Ashland’s Performance Adhesives business."
- [adhesivesmag.com](https://www.adhesivesmag.com/articles/keyword/2546-acquisitions?page=13), 2022-03-25: "Arkema recently announced that it finalized its acquisition of Ashland’s Performance Adhesives Business on February 28, 2022."

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