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Synopsis
Covestro, a manufacturer of high-quality polymer materials and their components, completed the acquisition of Pontacol, a manufacturer of multilayer adhesive films. Financial terms were not disclosed. "The acquisition of Pontacol is strategically sound and financially attractive. 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," Christian Baier, Covestro CFO.
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