France’s Arkema to acquire Brazilian sealants and adhesives maker Poliplas

LONDON (ICIS)–Arkema has reached an agreement to acquire Brazilian sealants and adhesives producer Poliplas, the French specialty chemicals major said on Tuesday.

Financial details and the expected close for the transaction were not disclosed.

Poliplas posted sales of around €10m in 2020, said Arkema, and commercialises its products under the brand Fortaleza.

It has a production facility in Sao Jose do Rio Preto, in the state of Sao Paulo, which mostly serves the construction and industrial sectors.

Arkema said the acquisition fitted in with its strategy to reinforce its adhesives subsidiary, Bostik.

“This bolt-on acquisition is in line with Bostik’s growth strategy in the construction market, reinforcing its global leadership in hybrid sealants and adhesives, while also expanding its presence in high-growth regions,” it said.