Bostik expands in high performance sealants with the planned acquisition of Den Braven. With this acquisition, Arkema is actively pursuing the development of its High Performance Materials segment which should account for 50% of the Group’s sales by 2020.
Company reports that with €350 million estimated sales for 2016 and some 1,000 employees, Den Braven is a leading player in high performance sealants in Europe. With state-of-the-art technologies, first-class industrial facilities with 8 production sites around the world, and know-how widely recognised by its customers, Den Braven offers an extensive range of sealing, bonding and foam solutions for construction professionals as well as industry.
With this acquisition, Bostik will reinforce its offering in the insulation and construction markets, and speed up its growth thanks to the excellent entry point which these product ranges represent in emerging countries, in particular in Asia.