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    Home > Coatings News > Paints and Coatings Market > ACMA acquires lip bygngsartickler, a leading manufacturer of construction chemicals

    ACMA acquires lip bygngsartickler, a leading manufacturer of construction chemicals

    • Last Update: 2019-12-16
    • Source: Internet
    • Author: User
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    Arkema announced that its Bostik will acquire lip bygngsartickler as (LIP), a leading manufacturer of ceramic tile adhesives, waterproofing systems and floor production solutions in Denmark With its strong brand advantages, lip has become a high-quality enterprise in Scandinavian market, and its high-quality products have been recognized by construction professionals The acquisition will bring strong geographic and business synergies, enabling Bostik to provide customers with more high value-added solutions, while enhancing its influence in the Nordic countries Lip develops, manufactures and sells tile adhesives, waterproofing systems and floor production solutions with annual sales of approximately EUR 30 million With about 50 employees, the company has a first-class production base in n ø RRE aaby, Denmark, with highly automated and carbon neutral plants As a leading supplier of high value-added products in Denmark, lip provides customers with comprehensive solutions based on its well-known brand and more than 50 years of experience Lip and Bostik are highly complementary in geography and business, and the acquisition will enable Bostik to provide customers in Nordic countries with comprehensive, innovative and high value-added solutions In addition, the excellent team of lip will significantly accelerate the growth of Bostik in the Nordic countries Following the recent acquisition of prochimir's high-performance adhesive film business in October, akoma will further expand its special adhesive business with this latest acquisition Special adhesive business is one of its main growth drivers The deal is expected to be completed by early 2020.
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