Arkema SA is expanding its engineering adhesives capabilities with the acquisition of Afinitica, a Spanish company specialising in instant adhesives, also known as cyanoacrylates (CAs).
The French speciality chemicals did not give further details of the transaction but said the acquisition was a “small, targeted” purchase to improve the market position of its adhesives arm, Bostik. According to the company, the acquisition targets markets with strong growth potential, including electronics and medical equipment, and other durable goods manufacturing applications.
Afinitica has developed and a patented manufacturing process for cyanoacrylate monomers, which are used in the formulation of a new type of instant engineering adhesive with a broader scope of applications than traditional CAs.
According to Afinitica website, the company's 'no-crack-CA’ process technology uses commodity raw materials and “gentle techniques” to isolate directly a large number of cyanoacrylate types “in high yield and purity at a competitive price.”
The new adhesives formulated by Afinitica can be used on any type of surface and with any material, including metal, wood, ceramic and plastics. They also offer the advantage of being odorless, non-irritant, and leaving no trace, Arkema said.
Instant adhesives are specifically used in high added-value niche applications in the electronics markets, particularly within the automotive or communication industries, as well as in optical and medical device markets.
Such products, according to Arkema, are currently enjoying strong growth due to a surge in the use of electronics in all aspects of everyday life.
With this targeted acquisition, Bostik will expand its existing range of assembly adhesives and offerings for the durable goods markets.
Cyanoacrylates are a category of acrylic monomers that are the basis of instant adhesive formulations. Due to its high reactivity, cyanoacrylates shows rapid adhesion and instant ﬁxation on surfaces.