Arkema announces that it has signed an agreement to acquire the flexible packaging lamination adhesives business of the American group Dow, an activity generating annual sales of around $250 million.

The project is based on an enterprise value of $150 million (around 10 times expected EBITDA for 2024) and will require around $50 million in implementation costs or capital expenditure over the next three years.

The project should enable Arkema to become a key player in the attractive market for flexible packaging solutions. Subject to the approval of certain competition authorities, it should be finalized in the fourth quarter of 2024.

Copyright (c) 2024 CercleFinance.com. All rights reserved.