Royal Adhesives & Sealants acquired Adhesive Systems Inc
United States: Royal Adhesives & Sealants, an Indiana (United States) based
company announced to acquire Adhesive Systems Inc. (ASI) for an
undisclosed amount. ASI is an Illinois (United States) based company that has
been offering engineered adhesives and application solutions. Post-acquisition,
the adhesive technologies offered by Royal would be added to the product line
of ASI. In addition, the acquisition is expected to support ASI’s geographic
expansion plan, operating as part of Royal Adhesives and Sealants.
TechSci Research depicts that this partnership would enable Royal Adhesives and
Sealants to market its products across global adhesives market through
ASI’s large network of global distributors and strengthen its position in the
market
According
to the report published by TechSci Research, “United States Automotive Adhesives Market Forecast and Opportunities,2019", the automotive adhesives market in the US is expected to grow
at a CAGR of about 5% during 2014-19. Automotive adhesive is one of the major
types of adhesives and demand for such adhesives is expected to rise across the
country with growth across automotive sector. The rising concern of government
for reducing emissions from ICE (Internal Combustion Engine) by switching to
electric vehicles (EVs) is one prime factor driving the demand for automotive
adhesives.