Covestro Acquires Pontacol: Expansion in Specialty Films
#Pontacol #Covestro #Europe #Acquisition #SpecialtyFilms“This allows us to strategically expand our production capacities for multilayer adhesive films in Europe, combine our innovative strength, and develop new markets.” - Christian Baier, Chief Financial Officer, Covestro.
June 2025 : Covestro recently announced that it signed an agreement to acquire Pontacol, a Swiss manufacturer specializing in multilayer adhesive films. This strategic acquisition significantly expands Covestro's specialty films portfolio and is a key step in advancing its "Sustainable Future" corporate strategy, particularly in high-growth, innovative, and sustainable business areas.
"The acquisition of Pontacol is strategically sound and financially attractive," stated Christian Baier, Chief Financial Officer, Covestro. "We are gaining a profitable company with significant growth potential and relevant synergy effects. This allows us to strategically expand our production capacities for multilayer adhesive films in Europe, combine our innovative strength, and develop new markets. As a result, we can offer our customers even more powerful solutions, increase our competitiveness, and grow sustainably."
The acquisition strategically complements Covestro's existing film business by adding Pontacol's highly specialized flat and blown films. This complementary portfolio is set to unlock further growth in attractive application areas within the continuously expanding global film segment. Demand in key future markets such as medical technology, mobility (including electric vehicles), and the textile industry is a primary driver for this growth.
Covestro will also gain two specialized production sites from Pontacol, located in Switzerland and Germany, each focusing on different film technologies. This move not only enhances Covestro's global manufacturing network but also improves the regional availability of adhesive films for its customers.
"This acquisition is an important milestone in our Specialty Films growth strategy," commented Aukje Doornbos, Head of Business Entity Specialty Films, Covestro. “With Pontacol, we can strengthen our product development and expand our global offering for our customers. We are particularly looking forward to the approximately 100 experienced employees who will make a valuable contribution to our further growth with their expertise.”
Both parties have agreed not to disclose the purchase price. The transaction will be financed through cash, aligning with Covestro's commitment to maintaining a solid investment-grade rating. The acquisition is anticipated to close in the third quarter of 2025, subject to customary closing conditions.
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