Arkema expands its footprint in Ireland with the acquisition of Arc Building Products
Press Room
Arkema (OTCPK:ARKAY) announces the planned acquisition of Irish manufacturer Arc Building Products, a firm specializing in tile adhesives, floor preparation systems, construction chemicals and waterproofing and bonding solutions, for an undisclosed sum.
Arc Building delivers around €15 million annual sales, with a production facility in Arklow, Ireland.
With the move, Arkema will strengthen its position in Ireland’s growing construction adhesives market with a broader range of solutions and a local manufacturing footprint.
Bostik, the Arkema subsidiary that will integrate this company, will also make major investments at the Arc Building Products site in Arklow, with a view to increasing local manufacturing of its solutions.
The project is scheduled for completion in the first quarter of 2024.
