Arkema : strengthens Bostik with the acquisition of Ideal Work, specialized in decorative flooring technologies
September 23, 2020 at 11:55 am EDT
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Arkema strengthens Bostik with the acquisition of Ideal Work, specialized in decorative flooring technologies
09/23/2020- Press release
Finance -Corporate
Bostik reinforces its range of flooring products with the planned acquisition of Ideal Work, an Italian company specialized in high-added value decorative flooring technologies. This project is in line with Arkema's targeted growth strategy in adhesives, based on cutting-edge technologies which perfectly complete Bostik's existing offering for the construction market.
Founded in 1997, this Italian company with annual sales of around €10 million employs 25 people. Over the years, it has developed an expertise and a unique approach in the fast-growing sector of high-end decorative flooring solutions, in particular thanks to its micro-cement technology.
Ideal Work's solutions, which complement existing ranges in the field of floor preparation and flooring adhesives, will allow Bostik to expand its offering and position itself in a high-added value niche market in flooring renovation and decoration. Ideal Work will also be able to benefit from Bostik's commercial network to accelerate its development and expertise globally.
This bolt-on acquisition is perfectly in line with Bostik's growth strategy in the construction market, and in particular in the flooring solutions sector. It is also consistent with the Group's and Bostik's CSR ambition, notably thanks to the micro-cement technology that uses solvent-free products or products with low volatile organic compound emissions, as well as recycled materials.
The deal is expected to close in the fourth quarter of 2020.
Contacts
Béatrice ZILM
Investor relations
Tel:+33 (0)1 49 00 86 37
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Caroline CHUNG
Investor relations
Tel:+33 (0)1 49 00 74 37
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Peter FARREN
Investor relations
Tel:+33 01 49 00 73 12
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Arie TAIEB
Investor relations
Tel:+33 (0)1 49 00 72 07
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Gilles GALINIER
VP Communication
Tel:+33 (0)1 49 00 70 07
Arkema
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Véronique OBRECHT
Corporate Press relations
Tel:+33 (0)1 49 00 88 41
Arkema
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Arkema SA published this content on 23 September 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 23 September 2020 15:54:04 UTC
Arkema is one of the world's leaders in the development, manufacturing and marketing of chemical products. Net sales break down by family of products as follows:
- advanced materials (37.4%): high performance polymers, specialty surfactants, molecular sieves, organic peroxides, oxygenates, etc.;
- adhesives (28.5%): sealants, adhesives for floors and tiles, waterproofing products, etc.;
- coating solutions (25.3%): resins, emulsions for adhesives, surface coating products, absorbents, etc.;
- intermediate products (8.4%): thermoplastic polymers (PMMA), acrylic products, fluorinated gases, etc.;
- other (0.4%).
At the end of 2023, the group had 148 production sites worldwide.
Net sales are distributed geographically as follows: France (7.8%), Europe (26.6%), United States-Canada-Mexico (36.5%), China (11%), Asia (12.6%) and others (5.5% ).
ARKEMA 
