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Arkema (Euronext Paris: AKE) is set to enhance its engineering adhesives portfolio through the acquisition of Shanghai Zhiguan Polymer Materials (PMP), a leader in hot-melt adhesives for consumer electronics, generating over €1 million in annual sales. This strategic acquisition aligns with Bostik's aim to grow in the lucrative engineering adhesives market, especially in Asia. The deal, expected to close in Q1 2022, will leverage strong technological synergies and position Arkema to capitalize on the fast-growing consumer electronics segment.
Positive
Strategic acquisition of PMP enhances engineering adhesives portfolio.
Target company generates over €1 million in annual sales.
Acquisition strengthens Arkema's position in the growing consumer electronics market in Asia.
Technological and commercial synergies expected from the acquisition.
Arkema (Paris:AKE) is expanding its offer of engineering adhesives with the planned acquisition of Shanghai Zhiguan Polymer Materials (PMP), specialized in hot-melt adhesives for the consumer electronics market. This project is in line with Bostik’s strategy to build a strong position in the attractive engineering adhesives market and to accelerate its development in the fast-growing electronics market, especially in Asia.
Arkema is announcing the planned acquisition of Chinese company PMP (Shanghai Zhiguan Polymer Materials), which specialises in reactive hot-melt polyurethane (HMPUR) adhesives and generates over €1 million in annual sales. These adhesives are mainly dedicated to the consumer electronics market and are used in the bonding of mobile phones, tablets, laptops and connected objects.
Thanks to its expertise in formulating innovative solutions and its recognized know-how in processes and R&D, PMP has developed solid positions in the very demanding and high-added-value consumer electronics market. With this acquisition, Bostik will strengthen its portfolio of technologies in engineering adhesives, where the Group already has a robust know-how in cyanoacrylate, MMA and UV technologies, developed notably through the acquisitions of Afinitica, Nitta and AEC Polymers.
Thanks to strong technological and commercial complementarities, this bolt-on acquisition offers many development synergies, and will contribute to substantially accelerating Bostik’s expansion in the fast-growing consumer electronics market in Asia.
This operation is scheduled to close in Q1 2022.
Building on its unique set of expertise in materials science, Arkema offers a portfolio of first-class technologies to address ever-growing demand for new and sustainable materials. With the ambition to become in 2024 a pure player in Specialty Materials, the Group is structured into 3 complementary, resilient and highly innovative segments dedicated to Specialty Materials -Adhesive solutions, Advanced Materials, and Coating Solutions- accounting for some 82% of Group sales in 2020, and a well-positioned and competitive Intermediates segment. Arkema offers cutting-edge technological solutions to meet the challenges of, among other things, new energies, access to water, recycling, urbanization and mobility, and fosters a permanent dialogue with all its stakeholders. The Group reported sales of around €8 billion in 2020, and operates in some 55 countries with 20,600 employees worldwide.
Arkema 420 rue d’Estienne d’Orves
92705 Colombes Cedex
France T +33 (0)1 49 00 80 80
arkema.com
What is the significance of Arkema's acquisition of Shanghai Zhiguan Polymer Materials?
The acquisition will strengthen Arkema's engineering adhesives portfolio and expand its presence in the rapidly growing consumer electronics market in Asia.
How much does Shanghai Zhiguan Polymer Materials generate in annual sales?
Shanghai Zhiguan Polymer Materials generates over €1 million in annual sales.
When is the acquisition of PMP expected to close?
The acquisition is scheduled to close in Q1 2022.
What type of adhesives does PMP specialize in?
PMP specializes in reactive hot-melt polyurethane (HMPUR) adhesives primarily for the consumer electronics market.
How will this acquisition impact Arkema's market position?
This acquisition is expected to enhance Arkema's technological capabilities and accelerate its growth in the competitive consumer electronics sector.
