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.
Will joined Fastener + Fixing Magazine in 2007 and over the last 15 years has experienced every facet of the fastener sector - interviewing key figures within the industry and visiting leading companies and exhibitions around the globe.
Will manages the content strategy across all platforms and is the guardian for the high editorial standards that the Magazine is renowned.
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