PR96885

Colombes, France, July 7, 2022 /PRNewswire=KYODO JBN/

Four months after completing the acquisition of Ashland's Performance Adhesive

activities, Bostik, the adhesive solutions segment of Arkema, has finalized the

Integration of these activities inside its organization. This milestone signs a

major step in Bostik's ability to deliver expected synergies, and growth.

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.

According to Vincent LEGROS, Bostik's CEO, "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."

With one of the world's most complete offers on pressure sensitive adhesives as

well as market leading positions In structural adhesives and flexible

lamination, this new organisation is going to unlock significant opportunities

to develop Innovative and more sustainable solutions with customers and with

the Arkema Group's other businesses, while helping globalize activities on some

key markets.

About Bostik, the adhesive solutions segment of Arkema

Bostik, a subsidiary of the Arkema Group and a global player in specialty

adhesives for the construction, consumer and industrial markets, develops

innovative and multifunctional sealing and bonding solutions that have been

shaping our daily lives for over 130 years. With annual sales of over 2 billion

euros, a presence in more than 50 countries, and 6,500+ employees, the company

is committed to meeting the major ecological, energy and technological

challenges through its innovations. It is focused on continuous improvement and

operational excellence to meet the expectations of its customers and partners.

CONTACT: Hortense BLAZSIN, e-mail: hortense.blazsin@bostik.com

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Source: Bostik, an Arkema company