It develops thermal interface materials for batteries which are key to enable fast charging of the battery and efficient dissipation of the heat, as well as engineering adhesives for the electronics market. It delivers around €15 million sales with one main production site in Karlsbad, Germany.
The product portfolio includes electrically and/or thermally conductive adhesives and potting compounds, UV-curable adhesives, products for high-temperature applications, and removable, thermally conductive gap fillers.
Arkema, the corporate parent of Bostik, said that the acquisition would strengthen Bostik’s product offer to serve the fast-growing batteries and electronics markets. It also said that the 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. 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.
Bostik also said that the acquisition is a unique opportunity for Bostik’s and Polytec PT's teams, who are already collaborating on new solutions, and that this will allow them to accelerate these developments and become a significant player in the thermal interface materials and electronics markets.
The acquisition is expected to be finalized in second-quarter 2023.
Vincent Legros, executive vice president, Bostik, said: “We look forward to welcoming Polytec PT’s teams and to support them in their ambitious roadmap. We are convinced that the combination of Arkema’s expertise in batteries, its global adhesives footprint and Polytec PT’s technologies will enable us to become a recognized partner for our customers in batteries and electronics.”
