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.