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With a strong presence in South Africa’s retail chain – sales estimated at €44 million in 2021 and two productions plants in the country -, the acquisition of Permoseal allows Bostik to broaden its customer offering in the South African construction market.  This new operation enables the company to continue its expansion in the region, benefiting in particular from the strong growth in demand in the building renovation market.

Permoseal’s well-known brands will complement Bostik’s offering in the region and strengthen their positions in South Africa’s and Sub-Saharan Africa’s dynamic industrial, construction and DIY markets.

We are very happy to welcome Permoseal teams within Arkema. By strengthening our presence in South Africa on the high growth Construction and DIY markets, this operation marks another step in Bostik’s growth ambition. It is also fully aligned with the Group’s strategy to become a pure Specialty Materials player by 2024

This bolt-on acquisition is in line with the strategy to grow the Group’s Adhesive Solutions segment and offers many development synergies.

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