M&A Deal Summary

Arkema Acquires Edge Adhesives

On May 17, 2021, Arkema acquired chemicals company Edge Adhesives from Akoya Capital Partners and The Gladstone Companies

Acquisition Highlights
  • This is Arkema’s 13th transaction in the Chemicals sector.
  • This is Arkema’s 10th transaction in the United States.
  • This is Arkema’s 2nd transaction in Texas.

M&A Deal Summary
Date 2021-05-17
Target Edge Adhesives
Sector Chemicals
Buyer(s) Arkema
Sellers(s) Akoya Capital Partners
The Gladstone Companies
Deal Type Add-on Acquisition

Target

Edge Adhesives

Forth Worth, Texas, United States
Edge Adhesives is a developer and manufacturer of innovative adhesives, sealants, tapes, and related solutions used in building products, transportation, electrical, HVAC, and other markets. Edge Adhesives was founded in 1980 and is based in Forth Worth, Texas.

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Buyer(S) 1

Buyer

Arkema

Colombes, France
Category Company
Founded 2003
Sector Chemicals
Employees21,100
Revenue 9.5B EUR (2023)
DESCRIPTION

Arkema is a chemical producer company. Arkema organized its activities into 3 complementary business segments: High Performance Materials: Technical polymers (Specialty polyamides and Fluoropolymers), Filtration and Adsorption (CECA), Organic Peroxydes, Specialty Adhesives (Bostik). Industrial Specialties: Thiochemicals, Fluorochemicals, PMMA (Altuglas International), Hydrogen Peroxides. Coating Solutions: Acrylics, Coating resins, Photocure resins (Sartomer) Rheology Additives (Coatex). Arkema was founded in 2003 and is based in Colombes, France.

DEAL STATS #
Overall 17 of 24
Sector (Chemicals) 13 of 18
Type (Add-on Acquisition) 11 of 16
State (Texas) 2 of 2
Country (United States) 10 of 11
Year (2021) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-17 Adaptive3D Technologies

Dallas, Texas, United States

Adaptive3D Technologies is a provider of photopolymer elastomers. Its products enable volume end-use parts production via additive manufacturing of odorless, tough, strain-tolerant, tear-resistant, and biocompatible rubbers and rubber-like materials. Adaptive3D Technologies is based in Dallas, Texas.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-31 Ashland Global Holdings - Performance Adhesives Business

Covington, Kentucky, United States

Ashland Global Holdings' Performance Adhesives Business has a portfolio of products that are well-positioned in the market and valuable technologies with differentiating performance for customers across a variety of applications and markets.

Buy $1.7B

Seller(S) 2

SELLER

Akoya Capital Partners

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2005
Size Small
Type Sector Agnostic
DESCRIPTION

Akoya Capital Partners is a private equity firm focused on acquiring profitable US-based middle-market companies with $25 to $200 million in revenue. The Firm generally pursues privately-owned companies, especially family-owned businesses. Sectors of interest include chemicals, food, information services, consumer products, industrial products, and industrial distribution. Akoya Capital Partners was formed in 2005 and is based in Chicago, Illinois.

DEAL STATS #
Overall 10 of 11
Sector (Chemicals) 3 of 3
Type (Add-on Acquisition) 8 of 8
State (Texas) 2 of 2
Country (United States) 10 of 11
Year (2021) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-04 NutriScience USA

Milford, Connecticut, United States

NutriScience USA develops and markets branded, highly differentiated nutritional ingredients that are sold to a variety of customers including blue-chip supplement and wellness brands. NutriScience USA was founded in 1993 and is based in Milford, Connecticut.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-20 Star Plastics

Ravenswood, West Virginia, United States

Star Plastics is a producer of engineering grade plastic custom color compounds and a provider of tolling and polymer sourcing services. Star Plastics was founded in 1988 and is based in Ravenswood, West Virginia.

Buy -
SELLER

The Gladstone Companies

Investor Investor Investor Investor Investor

Category Lender
Founded 2001
PE ASSETS 2.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

The Gladstone Companies manages a series of publicly traded investment vehicles and looks to make debt and equity investments in US-based small to middle-market businesses. The Firm focuses on second lien debt, mezzanine debt, secured and unsecured subordinated loans, equity and real estate sale leasebacks. Target investments generally range from $5 to $30 million in companies with over $3 million in EBITDA. Target sectors include manufacturing, industrial products, business and government Services, media, communications, consumer products and services, healthcare services, transportation, specialty chemicals, and energy services. The Gladstone Companies was formed in 2001 and is based in McLean, Virginia.

DEAL STATS #
Overall 14 of 18
Sector (Chemicals) 1 of 1
Type (Add-on Acquisition) 6 of 8
State (Texas) 1 of 2
Country (United States) 14 of 18
Year (2021) 2 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-06 Frontier Packaging

Tukwila, Washington, United States

Frontier Packaging is a provider of packaging materials and related logistics to the Alaskan seafood industry. Frontier Packaging was founded in 1985 and is based in Tukwila, Washington.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-02 Ag Trucking

Goshen, Indiana, United States

Ag Trucking is a regional food-grade liquid and dry bulk carrier. Ag Trucking was founded in 1978 and is based in Goshen, Indiana.

Sell -
Mergr

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