South Africa's adhesives market is set to receive a major boost with the proposed bolt-on acquisition of Permoseal,an adhesive solutions provider by French specialty materials company Arkema Group.Arkema said in December 2021 the acquirement of Permoseal,currently a dominant player in the manufacture and distribution of adhesives for woodworking,packaging,construction and DIY,is awaiting approval of regulatory authorities with the deal likely to be finalized in the second quarter of 2022.The 1949-founded Permoseal,which was the first company to launch cold glue in the South African market way back in 1954,is currently known for diverse adhesives,sealants and DIY products such as Alcolin,a brand synonymous with quality DIY products not only in South Africa but also in 12 neighboring countries and selected markets in East and West Africa."Leveraging its well-known brands,Permoseal has a strong presence in South Africa's retail chains,and is the exclusive distributor of the Bostik and Evo-Stik brands in the region,"Arkema said in a statement.
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