An agreement was signed for Arkema’s acquisition of Ashland’s Performance Adhesives business. This project is aligned with Arkema’s ambition to become a pure Specialty Materials player by 2024. This key step supports Bostik’s strong long term growth ambition and now allows it to aim for an EBITDA margin above 17% in 2024. The business had pro forma adjusted sales of approximately $360 million in 2021 with an EBITDA margin above 25% and 330 employees. The offer was made on the basis of a $1,650...