As it Integrates Ashland's Performance Adhesive activities, and in order to strengthen its customer centricity and ability to develop innovative, more sustainable, high value solutions in a broad variety of markets, Bostik has reorganized its activities and now operates with four market-centered businesses:
- Durable Goods brings together Bostik's legacy durable goods activities and Ashland's Structural adhesives business, strengthening its ability to develop tailor-made solutions for higher-value markets in Assembly, Mobility, Engineering Adhesives and Building Components;
- Advanced Packaging & Converting integrates Ashland's Pressure Sensitive Adhesives and Lamination & Coatings activities, strengthening its market leadership and geographic footprint to address the needs of global customers in the rolled goods converting Industry;
- Hygiene, Paper & Cardboard combines the Bostik Non-Woven and Rigid Packaging businesses, to serve global consumer goods customers in the hygiene and end-of-line packaging Industries.
- Construction & Consumer remains unchanged, and serves professional and individual construction customers.
"The acquisition of Ashland's Performance Adhesives offers a unique opportunity to pass a threshold in our strategy to provide our clients with tailor-made, high-value, innovative adhesive solutions. Our new organization is going to help us deliver on this strategy, and actively contribute to Arkema's ambition to become a pure specialty materials player. All the teams are really excited about the many opportunities this is going to generate."
Vincent LEGROS- CEO - Bostik