SINGAPORE (ICIS)--Bostik is acquiring adhesive solutions firm Edge Adhesives Texas for an undisclosed fee, parent firm Arkema said on Monday.
Edge Adhesives Texas is a developer and producer of adhesive solutions used in residential buildings with annual sales of around $12m, it said in a statement.
Edge Adhesives Texas operates a plant in Fort Worth, Texas and has about 50 employees.
"This bolt-on acquisition is in line with Bostik’s growth strategy in high value-added adhesives and expands its presence in North America," Arkema said.
The deal is expected to close in the second of quarter 2021.
Bostik is the specialty adhesives business line of the Arkema group.