Arkema Acquires Polytec PT
Arkema has acquired Polytec PT, an adhesive manufacturer of thermal interface materials for batteries and engineering adhesives for the electronics market. According to the company, the acquisition of Polytec PT will strengthen Arkema's Bostik product offerings to serve the fast-growing batteries and electronics markets. This bolt-on acquisition is part of the Group’s strategy to become a full system provider and support its customers to develop sustainable solutions for the batteries and electronics markets. Polytec delivers around €15 million sales with one main production site in Karlsbad, Germany.
Arkema reports that Polytec PT has developed a strong expertise in thermal interface materials which are key to enable fast charging of the battery and efficient dissipation of the heat. Polytec PT has already built a solid position in this market. This acquisition will also complement Bostik’s product range in engineering adhesives.
The project will enable Bostik to reach a turnover of around €50 million after 5 years in these high value applications by leveraging Arkema’s global presence throughout all geographies.
This acquisition is a unique opportunity for Bostik’s and Polytec PT's teams, who are already collaborating on new solutions. and will allow them to accelerate these developments and become a significant player in the thermal interface materials and electronics markets according to the company.
Source: Arkema