Arkema: Bostik Acquires XL Brands in Flooring Adhesives in the United States
06 November 2017 - 8:30AM
Business Wire
- Proposed acquisition of the assets
of XL Brands, a leader in floor covering adhesives in the
United States, that will allow Bostik to offer comprehensive
solutions in this growing high added value market
- Offer based on a US$205 million
enterprise value, i.e. 11 times current EBITDA (7 times within 4 to
5 years and including synergies)
Regulatory News:
Arkema (Paris:AKE):
XL Brands is a leader in adhesives for resilient and soft
flooring in the United States. With a highly competitive and brand
new production facility in Dalton (Georgia), XL Brands offers
innovative and environmentally friendly solutions that are fully
complementary to Bostik’s product range in the United States
(hardwood flooring adhesives, floor preparations, sealants,
etc.).
This bolt-on acquisition, which complements the acquisition of
CMP last May, will help Bostik become one of the leaders in
floor covering adhesives in the United States. This proposed
acquisition is expected to close end 2017 and is subject to
regulatory approval by antitrust authorities.
With this transaction, Arkema actively pursues its development
strategy in adhesives, which should exceed one third of the Group’s
sales by 2023.
A designer of materials and innovative solutions, Arkema
shapes materials and creates new uses that accelerate customer
performance. Our balanced business portfolio spans high-performance
materials, industrial specialties and coating solutions. Our
globally recognized brands are ranked among the leaders in the
markets we serve. Reporting annual sales of €7.5 billion in 2016,
we employ approximately 20,000 people worldwide and operate in
close to 50 countries. We are committed to active engagement with
all our stakeholders. Our research centers in North America, France
and Asia concentrate on advances in bio-based products, new
energies, water management, electronic solutions, lightweight
materials and design, home efficiency and insulation.
www.arkema.com
Arkema420, rue d’Estienne d’Orves –
F-92705 Colombes Cedex – FranceTel.: +33 1 49 00 80 80 – Fax: +33 1
49 00 83 96A French société anonyme (limited company) with share
capital of €754,701,730 – Registered in Nanterre: RCS 445
074 685arkema.com
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version on businesswire.com: http://www.businesswire.com/news/home/20171105005154/en/
ArkemaINVESTOR RELATIONSSophie Fouillat, +33 1 49
00 86 37sophie.fouillat@arkema.comorFrançois Ruas, +33 1 49 00 72
07francois.ruas@arkema.comorMEDIA
CONTACTSGilles Galinier, +33 1 49 00 70 07gilles.galinier@arkema.comorVéronique Obrecht, +33
1 49 00 88 41veronique.obrecht@arkema.com
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