Acoma acquires LIP Bygngsartikler, leading producer of construction chemicals

Arkema announced that its Bostik will acquire LIPBygsartiklerAS (LIP), a leader in Danish tile adhesives, waterproofing systems and flooring solutionsWith its strong brand advantages, LIP has become a high-quality enterprise in the Scandinavian market, and its high-quality products are recognized by construction professionalsThe acquisition will create strong geographic and business synergies that will enable Bostik to provide customers with more high value-added solutions while increasing its presence in the Nordic countriesLIP develops, manufactures and sells tile adhesives, waterproof systems and flooring solutions with annual sales of approximately EUR 30 millionthe company employs about 50 people and has a first-class production facility in N?rre Aaby, Denmark, which has a highly automated and carbon-neutral plantas a leading supplier of high value-added products in Denmark, LIP offers its customers comprehensive solutions with their well-known brands and more than 50 years of experienceLIP and Bostik are highly complementary geographically and businessly, the acquisition will enable Bostik to provide integrated, innovative and high value-added solutions to customers in the Nordic countriesIn addition, LIP's excellent team will significantly accelerate Bostik's growth in the Nordic countriesAcoma will use the latest acquisition to further expand its specialty adhesives business following its recent acquisition of Prochimir's high-performance film business in OctoberThe specialty adhesives business is one of the main growth driversexpected the deal to close in early 2020