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Arkema Acquires South African Adhesives Provider Permoseal.

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MANews-(C)2009-2021

France-based specialty chemicals and advanced materials company Arkema (PAR: AKE) plans to acquire South African adhesive solutions provider Permoseal, which serves woodworking, packaging, construction and DIY customers, the company said.

Its brands, including Alcolin, and its range of high-performance adhesive solutions will complement Bostik's offering in the region, strengthening their positions in South Africa's and Sub-Saharan Africa's dynamic industrial, construction and DIY markets.

Permoseal offers a portfolio of technical and sustainable solutions for packaging, as well as for wall and floor preparation, renovation and waterproofing.

Leveraging its well-known brands, Permoseal has a strong presence in South Africa's retail chains, and is the exclusive distributor of the Bostik and

Evo-Stik brands in the region.

The company, with sales estimated at EUR 44m in 2021, operates two production plants in the country.

With this proposed acquisition, Bostik will significantly strengthen its presence in South Africa in the DIY adhesives sector, in which the Bostik and Den Braven brands are already well established.

The complementarity of product portfolios will allow Bostik to broaden its customer offering in the South African construction market, and...

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