Sticking together – Arkema acquires Polytec PT
The acquisition of Polytec PT by the French-based Arkema Group, of which Bostik is part, strengthens Bostik’s product offer to serve the fast growing batteries and electronics markets.
This bolt-on acquisition is part of Arkema Group’s strategy to become a full system provider and support its customers to develop sustainable solutions for the batteries and electronics markets. For its part, Germany-based Polytec PT develops thermal interface materials for batteries and engineering adhesives for the electronics market, from its main production site in Karlsbad, and has annual sales of around €15 million. The company’s strengths and expertise in thermal interface materials are key to enabling battery fast charging, as well as efficient dissipation of heat, with Polytec PT having already built a solid position in this market.
The acquisition complements Bostik’s product range in engineering adhesives and, by leveraging the Arkema Group’s global reach, will enable it to hit a turnover of around €50 million after five years, in these high value applications.
“This acquisition is a great opportunity for Bostik and Polytec PT staff, who are already collaborating on new solutions, by allowing them to accelerate new developments and become a more significant player in the thermal interface materials and electronics markets,” explains Arkema.