Bostik

Arkema, through Bostik, finalized the acquisition of Dow's flexible packaging laminating adhesives business, which has around US$250 million in annual sales and five production sites in Italy, the United States and Mexico. The enterprise value is US$150 million.

Arkema agreed to acquire Dow's flexible packaging laminating adhesives business, with annual sales of about $250 million, at an enterprise value of $150 million. Bostik will combine the business with its existing flexible packaging presence; the business has manufacturing sites in Italy, the United States and Mexico.

Bostik started up a new industrial adhesives plant in Nara, Japan, within the Bostik-Nitta joint venture, 80% owned by Arkema. The lines serve non-woven hygiene and industrial packaging, labelling, transportation and electronics markets.