• Strengthening in the Solutions & Specialties segment
• Expansion of product and technology portfolio with innovative film solutions
• Stronger market presence in Europe through additional production capacities
• Attractive value creation potential through synergies in portfolio, organization, and procurement

July, 7, 2025 - On June 23, 2025, Covestro has signed an agreement with LAS Holding AG to acquire Pontacol, a Swiss manufacturer of multilayer adhesive films. The agreement also includes the subsidiaries Pontacol GmbH, in Germany, and Pontacol Inc.,in the USA. With this acquisition, Covestro strategically expands its specialty films portfolio and further advances the implementation of its "Sustainable Future" corporate strategy. At the same time, the company continues to consistently expand its growth in sustainable and innovative business areas.

The agreement is in line with LAS’s strategy to focus on two «Technology Centers» for liquid adhesives (Collano AG, Switzerland, and Everad Adhesives SAS, France) and hotmelt adhesives (artimelt AG, Switzerland). Adrian and Stefan Leumann (owners of LAS Holding) say: “Pontacol has a great portfolio of adhesive films and unlimited possibilities for innovation. Leveraging the true potential of this special adhesive technology in today’s political and economic environment is challenging for a mid-size family company like LAS Holding. With Covestro we’ve found a new strong owner who can give Pontacol a new perspective for success, innovation and growth.”

"The acquisition of Pontacol is strategically sound and financially attractive," says Christian Baier, Chief Financial Officer of Covestro. "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. As a result, we can offer our customers even more powerful solutions, increase our competitiveness, and grow sustainably."

Strategic Expansion and Synergies

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.

Additionally, Covestro is acquiring two specialized production sites in Switzerland and Germany, focusing on different film technologies. This not only strengthens the company's global manufacturing network but also improves the regional availability of adhesive films. 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.

"This acquisition is an important milestone in our Specialty Films growth strategy," says Aukje Doornbos, Head of Business Entity Specialty Films at Covestro. “In recent years, we have already made large investments in expanding our global capacities. With Pontacol, we can strengthen our product development and expand our global offering for our customers. We are particularly looking forward to the approximately 100 experienced employees who will make a valuable contribution to our further growth with their expertise.”

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.

Pontacol, based in Schmitten, Switzerland, with a subsidiary in Buxtehude, Germany, is a leading competence center for thermoplastic adhesive films. With over 50 years of experience, the company specializes in the production of ultra-thin adhesive films for industrial applications. These adhesive films bond parts and coat surfaces. The adhesive films marketed by Pontacol worldwide are used in applications such as automotive, textiles, composites, electronics and ballistic protection. Pontacol employs a total of 100 people.

Covestro is one of the world’s leading manufacturers of polymer materials and their components. Covestro supplies customers around the world in key industries such as mobility, building and living, as well as the electrical and electronics sector. In addition, polymers from Covestro are also used in sectors such as sports and leisure, telecommunications and health, as well as in the chemical industry itself. Covestro generated sales of EUR 14.2 billion in fiscal year 2024. At the end of 2024, the company had 46 production sites worldwide and employed approximately 17,500 people (calculated as full-time equivalents).

Source: Covestro / Pontacol