European-based adhesives and sealants manufacturer Den Braven is now officially part of Bostik following the completion of the acquisition announced mid-2016.
The move is part of a strategy to double Bostik’s EBITDA by 2020. Bostik’s CEO (of the time) announced the goal when Bostik was acquired by Arkema in February 2015.
Through the combined might of Den Braven and Bostik, the firms will offer a comprehensive portfolio of products to the building and waterproofing market. They will also accelerate the ‘home efficiency and insulation’ innovation platform to support growth in sustainable construction.
Den Braven has over 1,000 employees and a global business. Centring on the building and construction market, Den Braven has a broad sealant tech portfolio including silicones, polyurethanes, hybrids and acrylics.
US subsidiary comes under Bostik control
Siroflex, based in Greenville, South Carolina, is a US subsidiary of Den Braven and will boost Bostik’s manufacturing capability and new technologies, the firm said. Alongside Bostik’s plant in Conyers, Georgia, Siroflex will help service the market with state-of-the-art manufacturing facilities and ‘best-in-class’ colour matching capabilities.
Siroflex adds silicone and acrylic technologies as well as foam insulation, fluid applied membranes and coating technologies to Bostik’s existing portfolio of butyl, polyurethane and SMP-based adhesives and sealants.
The Bostik business is aiming to position itself as a world leader in building efficiency solutions and in high performance sealants in 2017 and beyond. Thanks to the acquisition, Bostik said: “we will be able to offer entire waterproofing systems to the market, greatly enhancing our value to architects, contactors and building owners.”
Bostik appointed a new CEO, Vincent Legros, in September last year.