 "Arkema arm Bostik acquires floor preparation systems from CGM Inc")
Bostik, a subsidiary of Arkema, has acquired CMP Specialty Products, the flooring and floor preparation business of US based specialist CGM. This business, which generated $ 15 million sales in 2016, offers strong synergies with Bostik.
This acquisition fits perfectly with Bostik's strategy to expand in the growing US construction market and to offer its customers a complete range of innovative solutions for the flooring market. This acquisition is also fully part of the group strategy to accelerate its growth in specialty adhesives with bolt-on acquisitions.
Based outside of Philadelphia, CMP's floor preparation systems products offer an advanced range of flooring surface preparation repair patches, levelling compounds and primers for both commercial and residential flooring applications.
These products will enable Bostik to accelerate its development in the fast growing floor preparation market.
“We are very pleased to welcome the CMP Specialty Products teams. This acquisition will support our strategy to provide our customers with the most innovative flooring systems. CMP teams will bring their recognised expertise within the commercial flooring sector with high quality and highly performing products. We look forward to leveraging this expertise to better serve our customers within the US market,” said Vincent Legros, executive vice president, Bostik.
Following the acquisition last December of Den Braven, a leader in high performance sealants, Arkema confirms with this new transaction its strategy to actively pursue the development of Bostik, which is one of the core element of its long term growth.
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