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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 first-class 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 excellent 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.

Following the recent acquisition of Prochimir in high-performance adhesive films in October, Arkema, with this latest project, is actively pursuing the development of its specialty adhesives, one of its major growth drivers.

Closing of the deal is expected early 2020.