Saint-Gobain buys German adhesives firm

PARIS — Saint-Gobain announced that it has reached a share purchase agreement to acquire  German specialty adhesives manufacturer Biolink. Founded in 1997 and based in Waakirchen, near Munich, Biolink specializes in environmentally friendly solvent-free acrylic resin adhesive tapes for applications in the aeronautic, automotive, and other industrial markets. The acquisition follows Saint-Gobain’s takeover of Italy’s H-Old at the end of last year, and fits with Saint-Gobain’s plans for growth in the adhesives sector.