Bostik Acquires Ideal Work; Reinforces its Flooring Products

Bostik strengthens its range of flooring products with the strategic acquisition of Ideal Work which is an Italian company specializing in high-end decorative flooring technologies. This project is in line with Arkema’s targeted growth plan in adhesives, based on the state-of-the-art technologies that perfectly complement Bostik’s current offering for the construction market

Founded in 1997, Ideal Work makes an annual sale of about €10 million with a team of 25 employees. Over the years, it has built a proficient and an exclusive approach in the rapidly growing sector of premium decorative flooring solutions.

The solutions of Ideal Work, that complement the current ranges in the field of flooring adhesives and floor preparation, will support Bostik to develop its offering and position in a high-added-value position market in flooring decoration and renovation. Additionally, Ideal Work will also profit from Bostik’s commercial network to boost its development and proficiency worldwide.

This strategized acquisition is perfectly in accordance with Bostik’s growth strategy in the construction market and especially in the flooring solutions sector. It is also constant with Bostik’s and Group's CSR ambition because of the micro-cement technology that utilizes solvent-free products or the products that have less volatile organic compound emissions and recycled materials.

The contract is projected to close in the 4th quarter of 2020.

Building on its exclusive expertise in material science, Arkema provides a portfolio of excellent technologies to address the rising demand for new and substantial materials. With an aim to become an untainted player in Specialty Materials in 2024, the group is structured into three complementary, robust, and highly advanced segments dedicated to Specialty Materials including advanced materials, adhesive solutions, and coating solutions that account for nearly 8% of the group’s sales and a competitive Intermediates and well-positioned segment. Arkema provides pioneering technological solutions to meet the challenges of access to water, new energies, mobility, recycling, and urbanization and drives a permanent discussion with all its stakeholders.

 

Source: https://finance.yahoo.com/news/arkema-strengthens-bostik-acquisition-ideal-153500316.html