Wedoany.com Report-Jun 25, Covestro AG, based in Leverkusen, Germany, has signed an agreement to acquire Pontacol, a Swiss manufacturer specializing in multilayer adhesive films. This acquisition strengthens Covestro’s specialty films business and supports its “Sustainable Future” strategy, focusing on growth in innovative and sustainable sectors.

Christian Baier, Chief Financial Officer of Covestro, stated: “The acquisition of Pontacol is strategically sound and financially attractive. 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 enhances Covestro’s film business by incorporating Pontacol’s specialized flat and blown films, complementing its existing portfolio. This move supports growth in high-demand markets such as medical technology, mobility, and textiles, where the global film segment is experiencing steady expansion. Additionally, Covestro gains two specialized production facilities in Switzerland and Germany, each focusing on distinct film technologies. These sites bolster Covestro’s global manufacturing network and improve the regional availability of adhesive films.

Aukje Doornbos, Head of Business Entity Specialty Films at Covestro, remarked: “This acquisition is an important milestone in our Specialty Films growth strategy. In recent years, we have already made large investments in expanding our global capacities. 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.”

The acquisition also creates opportunities for synergies in technology, customer base, product offerings, and operational functions like procurement. The transaction, financed through cash to align with Covestro’s goal of maintaining a solid investment-grade rating, is expected to close in the third quarter of 2025. The purchase price remains undisclosed by both parties.

This strategic move reinforces Covestro’s commitment to sustainable growth, enhancing its ability to meet customer needs with innovative film solutions while expanding its presence in key global markets.