Mergers & Acquisitions
April 5, 2021
Covestro Completes Acquisition
01 April 2021
Covestro successfully completes acquisition of Resins & Functional Materials business from DSM
Significant step towards implementing the company’s long-term strategy
- Covestro to become one of the leading global suppliers for sustainable coating resins
- Acquisition adds around EUR 1 billion in revenues
- Consequent implementation of sustainable growth strategy
On April 1, 2021, Covestro succesfully completed the acquisition of the Resins & Functional Materials business (RFM) from the Dutch company Royal DSM. The transaction received regulatory approval after Covestro and DSM signed an acquisition agreement in late September 2020. The transaction substantially expands Covestro’s portfolio of sustainable coating resins, making the Group one of the world’s leading providers in this growth market. The integration of RFM will expand the Group’s revenues by around EUR 1 billion and will add more than 20 sites to its global production network.
“The acquisition of RFM significantly contributes to the implementation of our new Group strategy. With this transaction, we are taking another important step towards sustainability, while at the same time generating sustainable growth,” said Dr. Markus Steilemann, CEO of Covestro. “We are looking forward to meeting our new colleagues and warmly welcoming them to Covestro.”
With the transaction, Covestro is expanding its business in several areas. The Group is already one of the leading global providers of water-based polyurethane dispersions. The acquisition of RFM adds a complete range of water-based polyacrylate resins, as well as strong brands in terms of sustainability such as Niaga®, solutions for additive manufacturing, and an advanced solar coatings business. In addition, Covestro is enhancing its technology portfolio to include water-based hybrid technologies, powder coating resins as well as radiation curing resins.
Sucheta Govil, Chief Commercial Officer at Covestro: “With this transaction, we are strengthening our extensive portfolio with further innovative products and technologies that will enable us to meet our customers’ needs in optimal fashion. Now our focus is on integrating the teams, leveraging talent and providing the best possible support for our new and existing customers.”
Following a comprehensive analysis, Covestro expects permanent (“run-rate”) synergy effects to build-up to about EUR 120 million per annum from full integration by 2025. These consist of approximately two-thirds of cost and one-third of revenue synergies.
April 2, 2021
Repi Acquires Novosystems
Repi: Acquisition of Novosystems
On 30 March 2021, Repi, a leading supplier of liquid colour and additive solutions for polyurethanes and thermoplastics, announced that it has acquired Novosystems GmbH, one of the few independent European players in the field of liquid colours and additives for thermoplastic materials. Financial details of the transaction were not disclosed.
According to Repi, with the acquisition of the German-based company, it will strengthen its position in one of the key polyurethanes and plastics markets in the world, as well as improving the group’s geographical footprint in Central and Northern Europe, with the aim of providing better and faster response to the market. Novosystems will also contribute with interesting complementary technology platforms, which can be leveraged by Repi’s global presence, and will accelerate value creation through superior level of expertise in liquid formulation and dispersion technologies.
“Welcoming a private, family-owned company in our group is another exciting milestone for Repi, as both companies shared a common history in liquid colourants for plastics, and we are looking forward to shape our future together based on common values and a long-term vision and strategy. Germany has long been one of the most important markets for Repi, and this investment strengthens our commitment to a country served by Repi for over 40 years”, said Filippo Angiolini, Repi Group CEO.
Repi Group operates since 1973 as a supplier of liquid colours and additives for plastics and thermoset resins that find applications in a variety of industries, including packaging, furniture, building and construction, footwear and automotive. Today, Repi is a Swiss based global supplier, with own facilities in the USA, Italy, the UK, Russia and Thailand.
https://www.gupta-verlag.com/news/technology/25076/repi-acquisition-of-novosystems
April 2, 2021
Repi Acquires Novosystems
Repi: Acquisition of Novosystems
On 30 March 2021, Repi, a leading supplier of liquid colour and additive solutions for polyurethanes and thermoplastics, announced that it has acquired Novosystems GmbH, one of the few independent European players in the field of liquid colours and additives for thermoplastic materials. Financial details of the transaction were not disclosed.
According to Repi, with the acquisition of the German-based company, it will strengthen its position in one of the key polyurethanes and plastics markets in the world, as well as improving the group’s geographical footprint in Central and Northern Europe, with the aim of providing better and faster response to the market. Novosystems will also contribute with interesting complementary technology platforms, which can be leveraged by Repi’s global presence, and will accelerate value creation through superior level of expertise in liquid formulation and dispersion technologies.
“Welcoming a private, family-owned company in our group is another exciting milestone for Repi, as both companies shared a common history in liquid colourants for plastics, and we are looking forward to shape our future together based on common values and a long-term vision and strategy. Germany has long been one of the most important markets for Repi, and this investment strengthens our commitment to a country served by Repi for over 40 years”, said Filippo Angiolini, Repi Group CEO.
Repi Group operates since 1973 as a supplier of liquid colours and additives for plastics and thermoset resins that find applications in a variety of industries, including packaging, furniture, building and construction, footwear and automotive. Today, Repi is a Swiss based global supplier, with own facilities in the USA, Italy, the UK, Russia and Thailand.
https://www.gupta-verlag.com/news/technology/25076/repi-acquisition-of-novosystems
April 1, 2021
Arsenal Adds to Meridian Adhesives
Arsenal’s Meridian Adhesives Acquires Pacific Adhesive Systems DALTON, Georgia, April 1, 2021 – Meridian Adhesives Group (Meridian) announced today the acquisition of Pacific Adhesive Systems (PAS), a Malaysian-based company serving the electronics, semiconductor and medical markets with high-performance adhesive and coating solutions.
Established in 2004, PAS is an ISO 9001:2008 certified company with operations in Malaysia, Thailand, China and Hong Kong. The company’s range of products includes adhesives, coatings, sealants, thermal interface materials, tapes, cleaning chemicals, greases and lubricants.
“Having joined Meridian Adhesives Group, we are now positioned to reach greater heights in innovative adhesive solutions,” said David Lee, PAS President. “With the backing of Meridian, we will be able to further support customers regardless of their location.”
PAS will be joining Meridian’s Electronics Division, which is comprised of Epoxy Technology, Inc.; Epoxies, Etc.; Epoxy Technology Europe; GENTEC; and FT Polymer. PAS has an established relationship with Meridian, having been a key supplier of Epoxy Technology and Epoxies, Etc. products to the Asian market for more than 15 years.
“PAS has been a long-time partner of Meridian’s Electronics Division,” said Daniel Pelton, CEO of Meridian Adhesives Group. “I am glad to have this trusted partner formally joining the Meridian group as we extend our global footprint into Asia. Together with David Lee and his team, we look forward to further building our Electronics Division through expanded product lines, increased service and additional acquisitions globally.”
The Electronics Division of Meridian Adhesives Group provides high technology products with experienced technical support. Epoxy, urethane, silicone and UV materials that are manufactured by the division have been used in some of the most demanding applications. These companies are trusted partners of organizations throughout the world.
April 1, 2021
Arsenal Adds to Meridian Adhesives
Arsenal’s Meridian Adhesives Acquires Pacific Adhesive Systems DALTON, Georgia, April 1, 2021 – Meridian Adhesives Group (Meridian) announced today the acquisition of Pacific Adhesive Systems (PAS), a Malaysian-based company serving the electronics, semiconductor and medical markets with high-performance adhesive and coating solutions.
Established in 2004, PAS is an ISO 9001:2008 certified company with operations in Malaysia, Thailand, China and Hong Kong. The company’s range of products includes adhesives, coatings, sealants, thermal interface materials, tapes, cleaning chemicals, greases and lubricants.
“Having joined Meridian Adhesives Group, we are now positioned to reach greater heights in innovative adhesive solutions,” said David Lee, PAS President. “With the backing of Meridian, we will be able to further support customers regardless of their location.”
PAS will be joining Meridian’s Electronics Division, which is comprised of Epoxy Technology, Inc.; Epoxies, Etc.; Epoxy Technology Europe; GENTEC; and FT Polymer. PAS has an established relationship with Meridian, having been a key supplier of Epoxy Technology and Epoxies, Etc. products to the Asian market for more than 15 years.
“PAS has been a long-time partner of Meridian’s Electronics Division,” said Daniel Pelton, CEO of Meridian Adhesives Group. “I am glad to have this trusted partner formally joining the Meridian group as we extend our global footprint into Asia. Together with David Lee and his team, we look forward to further building our Electronics Division through expanded product lines, increased service and additional acquisitions globally.”
The Electronics Division of Meridian Adhesives Group provides high technology products with experienced technical support. Epoxy, urethane, silicone and UV materials that are manufactured by the division have been used in some of the most demanding applications. These companies are trusted partners of organizations throughout the world.
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