Germany's Covestro buys Pontacol to boost sustainable film growth
"The acquisition of Pontacol is strategically sound and financially attractive," says Christian Baier, Chief Financial Officer of 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."
Covestro is acquiring Swiss adhesive film maker Pontacol to expand its specialty films portfolio and boost sustainable growth. The deal adds production sites in Switzerland and Germany, enhances innovation, and opens new markets in medical, mobility, and textiles. Around 100 Pontacol employees will join Covestro. The cash-financed deal is set to close in Q3 2025.
Strategic Expansion and Synergies
Through the acquisition, Covestro complements its film business with highly specialized flat and blown films – a complementary portfolio that enables further growth in attractive application areas. The film segment is growing continuously worldwide, primarily driven by increasing demand in key future markets such as medical technology, mobility, and the textile industry.
Additionally, Covestro is acquiring two specialized production sites in Switzerland and Germany, focusing on different film technologies. This not only strengthens the company's global manufacturing network but also improves the regional availability of adhesive films. The acquisition also opens up additional value creation potential through complementary technologies, an expanded customer and product portfolio, as well as synergies in central functions and procurement.
"This acquisition is an important milestone in our Specialty Films growth strategy," says Aukje Doornbos, Head of Business Entity Specialty Films at Covestro . '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.'
Both parties have agreed not to disclose the purchase price. The financing will be through cash and is thus aligned with Covestro's goal of maintaining a solid investment-grade rating. The transaction is expected to close in the third quarter of 2025. Note: The headline, insights, and image of this press release may have been refined by the Fibre2Fashion staff; the rest of the content remains unchanged.
Fibre2Fashion News Desk (RM)
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