MOSCOW (MRC) -- French chemicals company Arkema plans to acquire Polytec PT, a Germany-based company that develops thermal interface materials for batteries and engineering adhesives for the electronics market, it said.
The acquisition would strengthen the product offering of Arkema’s Bostik adhesives business to the fast-growing batteries and electronics markets, it said.
“We are convinced that the combination of Arkema’s expertise in batteries, its global adhesives footprint and Polytec PT’s technologies will enable us to become a recognised partner for our customers in batteries and electronics,” said Vincent Legros, executive vice president, Adhesive Solutions, at Bostik.
Polytec PT, with annual sales of about EUR15m, has a manufacturing site at Karlsbad, northwest of Stuttgart.
The acquisition's financial or other terms were not disclosed. The batteries and electric vehicle markets are important growth opportunities for the chemicals and plastics industries, with players developing battery materials as well as specialty polymers and adhesives.
We remind, Arkema announces the doubling of its polyester resins capacity in its Navi Mumbai facility in India, reinforcing the Group’s leadership position in the global powder coatings market and its commitment to developing very low-VOC technologies. Arkema invested in the Navi Mumbai facility in early 2019 to expand geographic coverage of its high performance, more sustainable, low-VOC products, and to support its customers in their development. The site includes a modern manufacturing unit and a dedicated laboratory to provide application development and technical support in the region.