LANXESS acquires German materials firm Bond-Laminates

12 September 2012 12:58  [Source: ICIS news]

LONDON (ICIS)--LANXESS has acquired materials firm Bond-Laminates to strengthen its position for lightweight materials in the automotive industry, the Germany-based chemicals firm said on Wednesday.

Bond-Laminates is based in Brilon in Germany’s North Rhine-Westphalia state. It specialises in developing and producing custom-made plastic composite sheets that are reinforced with materials such as glass fibres.

The company employs about 80 people and had sales of €16m ($12.5m) last year.

Financial terms were not disclosed. The deal closed with immediate effect.

LANXESS has been working with Bond-Laminates since 2006 on several projects in the automotive industry.

“LANXESS is reinforcing its credentials as a premium supplier of innovative products that serve the growing trend of ‘Green Mobility’,” CEO Axel Heitmann said.  

“We see tremendous potential for this composite technology as it spreads from the premium automotive segment to the wider market,” Heitmann added.

LANXESS will integrate Bond-Laminates into its high performance materials business unit.

LANXESS added that it earmarked investments of €125m to expand its global production network for high-tech plastics from 2012-2014.

The company's high-tech plastics business is based in Antwerp, Belgium, and Krefeld-Uerdingen, Germany.

In Antwerp, the company decided to build a world-scale facility to make polyamide plastics and it recently expanded capacities at there for the chemical intermediate caprolactam, which is a precursor for the polyamide.

The polyamide is then sent to LANXESS’ global network of compounding facilities, where it is mixed and refined with additives and glass fibres, to produce the brand Durethan-brand plastics compounds.

($1 = €0.78)

By: Stefan Baumgarten
+1 713 525 2653

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