Bostik acquires floor preparation systems from CGM in the U.S.

Home News Bostik acquires floor preparation systems from CGM in the U.S.

Colombes, Paris, France—Bostik has acquired CMP Specialty Products, the flooring and floor preparation business of U.S.-based specialist CGM, according to Arkema. This business, which generated $15 million sales in 2016, offers strong synergies with Bostik. This acquisition fits with Bostik’s strategy to expand in the growing U.S. construction market and to offer its customers a complete range of innovative solutions for the flooring market. This acquisition is also fully part of the group strategy to accelerate its growth in specialty adhesives with bolt-on acquisitions.

Based outside of Philadelphia, Pa., CMP’s floor preparation systems products offer an advanced range of flooring surface preparation repair patches, leveling compounds and primers for both commercial and residential flooring applications. These products will enable Bostik to accelerate its development in the fast growing floor preparation market.

“We are very pleased to welcome the CMP Specialty Products teams,” said Vincent Legros, executive vice president, Bostik. “This acquisition will support our strategy to provide our customers with the most innovative flooring systems. CMP teams will bring their recognized expertise within the commercial flooring sector with high-quality and high-performing products. We look forward to leveraging this expertise to better serve our customers within the U.S. market.”

Following the acquisition last December of Den Braven, a leader in high performance sealants, Arkema confirms with this new transaction its strategy to actively pursue the development of Bostik, which is one of the core elements of its long-term growth.

Must Read

AHF Products wins four Platinum ADEX Awards

Mountville, Pa.—AHF Products, a leader in hardwood flooring, has been awarded a total of four Platinum 2020 Awards for Design Excellence (ADEX). Platinum is the...

Creative Edge launches Safe Distance Flooring line

Fairfield, Iowa—Creative Edge, Creative Edge, a leader in the use of water jet technology to fabricate architectural surfaces including natural stone, ceramic and porcelain...

Creating a memorable brand experience

By Chris Wallace If you asked most people to tell you their favorite flooring brand, they'd struggle. In fact, they probably wouldn't have one at...

NWFA completes 44th home with Gary Sinise Foundation

St. Louis, Mo.—The National Wood Flooring Association (NWFA) has provided flooring for its 44th home in support of the Gary Sinise Foundation R.I.S.E. program...

Main Street a bright spot during COVID-19 lockdown

By Ken Ryan and Reginald Tucker While many residential shoppers hunkered down over the past few months, some local businesses took the opportunity to spruce...

Tile of Spain launches redesigned website

Miami, Fla.—Tile of Spain has launched a newly redesigned website, designed with a user-friendly experience in mind. The new site includes dynamic features, improved functionality and more...
X