Bakelite Completes Acquisition of Sestec, Expanding Product Portfolio and Further Strengthening Leadership in Sustainable Adhesive Solutions
By integrating Sestec's technology, Bakelite expands its portfolio of sustainable adhesive solutions on a global scale and continues to assist customers in achieving their sustainability commitments.
The acquisition of Sestec, whose adhesives are 100% bio-based and designed to advance environmental stewardship, aligns with Bakelite's commitment to sustainability and innovation. By integrating Sestec's technology, Bakelite expands its portfolio of sustainable adhesive solutions on a global scale and continues to assist customers in achieving their sustainability commitments.
"This acquisition is a transformative step for Bakelite," said JP Aucoin, President & CEO of Bakelite. "Sestec's innovative, bio-based adhesives will not only broaden our product offerings but also reinforce our dedication to providing sustainable solutions. This positions us to continue to stay ahead of the increasing global demand for sustainable adhesives."
Sestec's adhesive systems, which include applications for MDF, HDF, particleboard, OSB, straw and fiberboard, and plywood, will now be part of Bakelite's extensive product portfolio. The acquisition includes, in addition to their innovative technology, Sestec's administration office in Kraków, and Laboratory & Production facility in Trzebinia.
'Sestec represents the future of adhesives—bio-based and sustainable. The acquisition enables Bakelite to scale our technology globally while maintaining our commitment to sustainable innovation,' said Klaus Hofmann, the CEO of Sestec. 'Integrating Sestec's natural adhesive technologies enhances Bakelite's ability to continue to meet the increasing demand for sustainable materials solutions,' added Hans Edelmann, Sestec Board Member and Co-Founder.
About Bakelite: Based in Atlanta, Georgia, Bakelite is a leading global integrated producer of thermoset specialty resins, solutions and engineered thermoset molding compounds serving a variety of segments and end markets across geographies. Additional information about Bakelite and its products is available at www.bakelite.com.
About Sestec: Founded in Poland with roots in German-Polish R&D collaborations, Sestec is the innovator behind one of the world's first 100% bio‑based adhesive systems for panels such as MDF, HDF, OSB, and particleboard. Their solutions reduce VOC emissions, cut fossil carbon inputs, and support sustainable wood‑based manufacturing (sestec.pl)
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
New York Post
10 minutes ago
- New York Post
Why top NYC restaurants are bringing in famed chefs from around the world
Top New York City restaurants are increasingly turning to collaborations with renowned chefs from around the globe to boost business and stand out from high-end rivals, Side Dish has learned. The collabs, while not a new phenomenon, have taken on added importance as President Trump's tariffs create challenges for chefs to source some of their favorite ingredients. However, importing talent from all corners of the globe – which at popular Tribeca haunt l'abeille means bringing in chefs from England, France, Belgium, Japan, Hong Kong and Thailand – remains tax-free. 7 l'abeille in Tribeca is importing talent from all corners of the globe. Eric Vitale Photography 'Global residences help everyone grow and learn — from the guests to the staff. They keep the restaurant interesting,' said Howard Chang, co-owner of Kuma Hospitality Group's l'abeille with partners Rahul Saito and executive chef Mitsunobu Nagae. The dinners these top chefs serve up at ticketed events aren't cheap. At a recent, prix-fixe collab dinner at l'abeille, Nagae worked with London-based chef Chet Sharma, who studied physics at Oxford and now helms the standout Indian-themed restaurant BiBi in London's swanky Mayfair neighborhood. The meal cost $325, with an additional $295 for wine pairings. The exclusive events, however, often don't bring in more money than regular a la carte dinners, restaurateurs told Side Dish. That's because the higher prices are offset by the cost of flying in the foreign-based chefs, along with some of their team members, and putting them all up in hotels. 7 Chet Sharma, left, and Mitsunobu Nagae collaborated on a prix-fixe dinner. Eric Vitale Photography 7 The collabs, while not a new phenomenon, have taken on added importance as President Trump's tariffs create challenges for chefs to source some of their favorite ingredients. Eric Vitale Photography The upside, they say, is that global collabs raise the restaurants' profiles, bring in new diners and offer educational benefits for staff. On the Upper East Side, Sushi Noz's executive chef Nozomu Abe is bringing in Michelin-starred Chef Endo Kazutoshi, a third-generation sushi master who trained in Japan before opening his namesake restaurant, Endo, at the Rotunda in London. 7 At Sushi Noz on the Upper East Side, executive chef Nozomu Abe, left, is bringing in Michelin-starred Chef Endo Kazutoshi. Hannah Wyatt Last week, the pair offered a rare collaborative omakase where they presented their culinary visions through the use of local fish and other influences. 'We started the Japan series in 2019,' said Hannah Wyatt, Sushi Noz's operations manager. 'Our goal was to showcase top chefs from Japan through collaborative dinners with chef Noz, with a focus on sushi and kaiseki chefs at the top of their respective fields.' In Williamsburg, Brooklyn, the owners of Layla's began bringing in chefs during COVID and continue to have pop-ups for 'brand exposure.' 7 The dinners these top chefs serve up at ticketed events aren't cheap. Eric Vitale Photography 7 The exclusive events, however, often don't bring in more money than regular a la carte dinners, restaurateurs told Side Dish. Eric Vitale Photography The most recent international collab involved chef Kyle Garry and chef Whyte Rushen of Whyte's in London, who is now on a 'worldwide' tour. 'We did it once, and it was really successful and fun and now it's something we try to do as often as we can,' Samuel Lynch, one of Layla's co-owners along with Stefano D'Orsogna and David Lacey, told Side Dish. The trend has even extended to the Hamptons, where Mavericks Montauk will welcome the crew from Michelin-starred Parisian restaurant Contraste on July 31. 7 The upside, they say, is that global collabs raise the restaurants' profiles, bring in new diners and offer educational benefits for staff. Interior of l'abeille, above. Eric Vitale Photography The collaboration was made possible by the deep-rooted friendship between Mavericks' pastry chef Remy Ertaud and Contraste's Louis De Vicari. We hear … that celeb chef Scott Conant is opening a posh new Italian restaurant, Leola, in the Bahamas at Baha Mar this fall. Leola will be on the casino level of Grand Hyatt Baha Mar, joining hotspots including Jon Batiste's Jazz Club, Marcus Samuelsson's Marcus at Baha Mar Fish + Chop House, Daniel Boulud's Cafe Boulud, and Dario Cecchini's Carna. The 8,800 square foot space comes with 106 seats in the main dining room and 130 seats outside. 'Bringing Leola to life at Baha Mar is something I've dreamed about for a long time,' Conant said. 'I've always been inspired by the beauty and spirit of the Bahamas, and it felt like the perfect place to create a restaurant that's both personal and inviting. With Leola, we're blending the kind of food and hospitality I love—warm, soulful, and rooted in connection.' Conant will also participate in the Fourth Annual Bahamas Culinary & Arts Festival, which runs from Oct. 22-26.
Axios
an hour ago
- Axios
Exclusive: Embedded tax startup April raises $38M
April, an embedded tax platform, has raised $38 million in a Series B round led by QED Investors, founder Ben Borodach tells Axios exclusively. Why it matters: Embedding tax tools directly into financial apps can improve financial decision-making and boost customer retention. Zoom in: Nyca Partners and Team8 also participated in the Series B round, bringing the total funding April has raised to date to $78 million. How it works: Fintech apps and financial institutions use April's APIs to integrate tax filing and planning directly into their platforms, enabling year-round, real-time tax management. April operates on a SaaS-based model, offering flat-rate pricing to fintech partners, who can choose to mark up services for their end customers. "Our vision is to embed tax in every financial decision," Borodach says. "Taxes should be happening where you're managing your money. They should be happening in real time, and they should be personalized to you." Context: New York-based April operates in a market dominated by legacy tax-preparation giants like Intuit, H&R Block, Thomson Reuters, and Wolters Kluwer. But it recently became the first new company in 15 years to achieve national e-file coverage in all 50 states, Borodach says. The company has also launched a series of new products over the past year, including pro-assisted and pro-led tax filing, quarterly estimate tools for small business owners, and paycheck withholding optimizers. As a result, it is seeing increased demand from wealth management platforms, including integrations with digital advisers catering to mass-affluent clients and an upcoming partnership with a trillion-dollar asset manager. By the numbers: April claims it can reduce the time it takes to prepare and file taxes from the IRS' reported 13‑hour average down to just 22 minutes. The company processed hundreds of thousands of returns through partnerships with over 50 fintech apps and financial institutions this past tax season. It has seen its business grow three times year-to-date and more than seven times over the past 12 months, Borodach says. What's next: The company is preparing to launch advanced tax planning tools around capital gains, retirement planning, and stock transactions.
Yahoo
2 hours ago
- Yahoo
Intel Corporation (INTC) Releases Q2 Financial Results; Beats Revenue Expectations
Intel Corporation (NASDAQ:INTC) is one of the . Pixabay/Public Domain On July 24, 2025, Intel Corporation (NASDAQ:INTC) reported its financial performance for Q2, surprising Wall Street with a revenue of $12.86 billion that beat estimates of $11.92 billion. However, the company reported a net loss of $2.9 billion. Lip-Bu Tan, Intel's new CEO, spoke about the company's ongoing sweeping changes, including major layoffs and a sharp cutback in chip factory expansion, aimed at enhancing competitiveness and managing capital allocation more efficiently. According to the CEO, Intel Corporation (NASDAQ:INTC) has already laid off 15% of its workforce, with plans to end the year with approximately 75,000 employees. Furthermore, planned chip factory projects in Germany and Poland have been halted, while the construction of the cutting-edge factory in Ohio will be slowed down, depending on the market demand and if big customers for the facility can be secured. Meanwhile, the company's foundry business remains a challenge as it posted a $3.17 billion loss. Intel Corporation (NASDAQ:INTC) reported a slight dip in its PC chip sales and a 4% increase in its data center revenue. The CEO expects a revenue of $13.1 billion for Q3, with the goal of breaking even as it regains market share. Intel Corporation (NASDAQ:INTC) designs and manufactures computing products for tech companies worldwide. It is one of the best ESG stocks. While we acknowledge the potential of INTC as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: and 11 Best Mineral Stocks to Buy According to Hedge Funds. Disclosure: None.
