German chemical Covestro has signed an agreement with LAS Holding AG to buy Swiss manufacturer of multilayer adhesive films Pontacol.
The amount of the deal was not disclosed. The financing will be in cash, Covestro said in a statement. The transaction is expected to close in the third quarter of 2025.
Pontacol, based in Switzerland, is a leading centre of competence in thermoplastic adhesive films with 50 years of experience. The company specialises in the production of ultra-thin adhesive films for industrial applications – they bond parts and coat surfaces. Pontacol products are used in automotive, textiles, composites, electronics and ballistic protection applications. It has a staff of 100 employees. A branch office is located in Germany.
“We are buying a profitable company with significant growth potential and corresponding synergies. This will enable us to strategically expand our production capacity for multilayer adhesive films in Europe, combine our innovation capabilities and develop new markets. As a result, we will be able to offer our customers even more efficient solutions, improve our competitiveness and grow sustainably,” CFO Christian Bayer is quoted as saying.
With this acquisition, Covestro complements its film business with highly specialised product types. The film segment is growing steadily worldwide, primarily due to demand in key promising markets such as medical technology and textiles, the company said.
The adhesives group LAS (Germany) decided for strategic reasons to focus on two technology centres: liquid adhesives in cooperation with Collano AG and Everad Adhesives SAS and hot melt adhesives from Artimelt AG, the two owners of the manufacturer, Adrian and Stefan Leumann, explain the sale of Pontacol. “Today’s challenges in the international arena are complex for family-owned SMEs. In order to realise Pontacol’s potential, investments are required that are beyond the capabilities of the family holding company,” the brothers are quoted as saying by LAS.
Covestro is one of the world leaders in the production of polymer materials and their components. The company specialises in polyurethanes, polycarbonates and various types of building coatings. Covestro had sales of €14.2bn in fiscal 2024. At the end of 2024, it had 46 production sites around the world, employing around 17,500 people.
Abu Dhabi National Oil Co. (ADNOC, UAE) announced in October 2024 that it would acquire the German chemicals company for €11.7bn. The European Commission approved the agreement in May 2025.