COLOMBES, France—Bostik S.A. and Taiwan-based Cartell Chemical Co. are teaming up to create Crackless Monomer Co., a joint venture that will expand development of high value-added engineering adhesives.
"This project is perfectly coherent with Bostik's sustainable growth strategy," the company said in a news release. "It fits well with the trend of replacing traditional bonding with cutting edge, environmentally friendly technologies that enable lightweighting."
Colombes-based Bostik, which operates under the Arkema S.A. umbrella, has invested $11 million, taking 51 percent stake in the JV. CMC will focus on specialty cyanoacrylate monomers, which will support development of Bostik adhesives for the electronic, medical equipment and DIY markets.
In a news release, Bostik noted that the move not only supports its sustainability growth strategy, it also complements the Afinitica acquisition made in 2018. That acquisition expanded Bostik's instant engineering adhesives range with the employment of a "patented and innovative 'crackless' process."