Arkema strengthens Bostik with the acquisition of Ideal Work, specialized in decorative flooring technologies
Founded in 1997, this Italian company with annual sales of around €10 million employs 25 people. Over the years, it has developed an expertise and a unique approach in the fast-growing sector of high-end decorative flooring solutions, in particular thanks to its micro-cement technology.
Ideal Work’s solutions, which complement existing ranges in the field of floor preparation and flooring adhesives, will allow Bostik to expand its offering and position itself in a high-added value niche market in flooring renovation and decoration. Ideal Work will also be able to benefit from Bostik’s commercial network to accelerate its development and expertise globally.
This bolt-on acquisition is perfectly in line with Bostik’s growth strategy in the construction market, and in particular in the flooring solutions sector. It is also consistent with the Group’s and Bostik’s CSR ambition, notably thanks to the micro-cement technology that uses solvent-free products or products with low volatile organic compound emissions, as well as recycled materials.
The deal is expected to close in the fourth quarter of 2020.