Bostik SA, the adhesive business of French speciality materials supplier Arkema SA, has completed the acquisition of US-based flooring adhesive company XL Brands, the company has announced.
In a 2 Jan, the French supplier confirmed the completion of the transaction to buy one of the leaders in floor covering adhesives in the US.
The acquisition complements Bostik’s two earlier purchases of Den Braven in late 2016 and CMP in May 2017.
Arkema actively pursues the development of Bostik, which it expects to account for one third of the group’s sales by 2023.
Arkema bought Bostik from Total in March 2015.