France-based Arkema is planning to purchase Dow’s flexible packaging laminating adhesives business, which produces adhesives for the flexible packaging market, generating annual sales of around $250 million, according to a recent news release.
“The proposed acquisition will significantly expand Arkema’s portfolio of solutions for flexible packaging, enabling the group to become a key player in this attractive market,” the company reported.
“Dow’s flexible packaging laminating adhesives business offers a broad range of high-quality solutions in food and medical applications, where flexible packaging is the optimal solution in terms of efficiency, as well as for industrial lamination—window films, photovoltaic backsheets, etc.”
Terms of the deal were not disclosed.
Arkema’s global operations include a presence in 55 countries, according to its website.