Arkema (Colombes, France; www.arkema.com) has announced the acquisition by Bostik of LIP Bygningsartikler AS (LIP), the Danish leader in tile adhesives, waterproofing systems and floor preparation solutions. Leveraging its strong brand, LIP is a first-class player in the Scandinavian market, recognized by construction professionals for its high-quality products. With strong geographic and commercial synergies, the project will enable Bostik to offer its customers an extended range of high value-added solutions, while boosting its presence in Nordic countries. LIP develops, produces and markets tile adhesives, waterproofing systems and floor preparation solutions and reports sales of some €30 million.
The company employs around fifty people and operates a site in Nørre Aaby (Denmark), which boasts a highly automated and carbon-neutral manufacturing plant.
As a leader in its field in Denmark positioned in high value-added products, LIP offers its customers a comprehensive range of solutions, supported by a well-known brand and over 50 years’ experience.
The geographic and commercial complementarity of this acquisition will enable Bostik to offer integrated, innovative and high value-added solutions to its customers in Northern European countries. Moreover, the LIP teams’ recognized excellence will allow Bostik to significantly accelerate its growth in Nordic countries.