Arkema SA (Colombes, France) is acquiring Polytec PT, a company specialized in adhesives for batteries and electronics.
With the planned acquisition of Polytec PT, Arkema will strengthen Bostik’s product offer 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 PT, a company based in Germany, develops thermal interface materials for batteries and engineering adhesives for the electronics market. It delivers around €15 million sales with one main production site in Karlsbad, Germany.
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. It will allow them to accelerate these developments and become a significant player in the thermal interface materials and electronics markets.