With the proposed acquisition of Polytec PT, Arkema will strengthen Bostik's product offering to serve the fast growing battery and electronics markets. This targeted acquisition is in line with the Group's strategy to become a complete systems supplier and to support its customers in developing sustainable solutions for the battery and electronics markets.
Polytec PT, based in Germany, develops thermal interface materials for batteries and high-performance engineering adhesives for the electronics market. It has a turnover of approximately €15 million with a main production site in Karlsbad, Germany.
Polytec PT has developed a strong expertise in thermal interface materials, which are essential to enable fast battery charging and efficient heat dissipation. Polytec PT already has a strong position in this market. This acquisition will also complement Bostik's product range in the field of engineering adhesives.
The project will enable Bostik to reach sales of around €50 million within 5 years in these high value-added applications by leveraging Arkema's global presence in all geographic areas.
This acquisition is a unique opportunity for the Bostik and Polytec PT teams, who are already working together on new solutions. It will enable them to accelerate these developments and become a significant player in the thermal interface materials and electronics markets.
This project is expected to be completed in the second quarter of 2023.