Covestro has signed an agreement to acquire Pontacol, a Swiss manufacturer of multilayer adhesive films. This acquisition marks Covestro’s strategic expansion in its specialty films portfolio and further implementation of its “Sustainable Future” corporate strategy.

Covestro expands its specialty films portfolio by acquiring Pontacol. (Source: Pontacol)

“We are gaining a profitable company with significant growth potential and relevant synergy effects. This allows us to strategically expand our production capacities for multilayer adhesive films in Europe, combine our innovative strength, and develop new markets,” Christian Baier, Chief Financial Officer of Covestro, commented.

Through the acquisition, Covestro complements its film business with highly specialized flat and blown films – a complementary portfolio that enables further growth in attractive application areas.

The film segment is growing continuously worldwide, primarily driven by increasing demand in key future markets such as medical technology, mobility, and the textile industry.

The acquisition also opens up additional value creation potential through complementary technologies, an expanded customer and product portfolio, as well as synergies in central functions and procurement.

Both parties have agreed not to disclose the purchase price. The financing will be through cash and is thus aligned with Covestro's goal of maintaining a solid investment-grade rating. The transaction is expected to close in the third quarter of 2025.

Covestro has signed an agreement to acquire Pontacol, a Swiss manufacturer of multilayer adhesive films. This acquisition marks Covestro’s strategic expansion in its specialty films portfolio and further implementation of its “Sustainable Future” corporate strategy.

Covestro expands its specialty films portfolio by acquiring Pontacol. (Source: Pontacol)

“We are gaining a profitable company with significant growth potential and relevant synergy effects. This allows us to strategically expand our production capacities for multilayer adhesive films in Europe, combine our innovative strength, and develop new markets,” Christian Baier, Chief Financial Officer of Covestro, commented.

Through the acquisition, Covestro complements its film business with highly specialized flat and blown films – a complementary portfolio that enables further growth in attractive application areas.

The film segment is growing continuously worldwide, primarily driven by increasing demand in key future markets such as medical technology, mobility, and the textile industry.

The acquisition also opens up additional value creation potential through complementary technologies, an expanded customer and product portfolio, as well as synergies in central functions and procurement.

Both parties have agreed not to disclose the purchase price. The financing will be through cash and is thus aligned with Covestro's goal of maintaining a solid investment-grade rating. The transaction is expected to close in the third quarter of 2025.