Bostik Acquires CMP Specialty Products
Philadelphia, PA, May 22, 2017-Arkema announces the acquisition by Bostik of CMP Specialty Products, the flooring and floor preparation business of U.S. based specialist CGM.
This business, which generated $15 million sales in 2016, offers strong synergies with Bostik. This acquisition fits well with Bostik's strategy to expand in the growing U.S. construction market and to offer its customers a complete range of innovative solutions for the flooring market. This acquisition is also fully part of the group strategy to accelerate its growth in specialty adhesives with bolt-on acquisitions.
Based outside of Philadelphia, PA, CMP's floor preparation systems products offer an advanced range of flooring surface preparation repair patches, leveling compounds and primers for both commercial and residential flooring applications. These products will enable Bostik to accelerate its development in the fast growing floor preparation market.
Following the acquisition last December of Den Braven, a leader in high performance sealants, Arkema confirms with this new transaction its strategy to actively pursue the development of Bostik, which is one of the core elements of its long term growth.