Lanxess buys Germany's Bond-Laminates

Published: September 12, 2012 6:00 am ET

Related to this story

Topics Materials, Mergers & Acquisitions, Suppliers, Automotive, Film & Sheet

LEVERKUSEN, GERMANY (Sept. 12, 11:45 a.m. ET) — Materials supplier Lanxess AG has purchased Bond-Laminates GmbH, a German company that supplies custom plastic composite sheets, including glass-fiber-reinforced sheet.

Leverkusen-based Lanxess said the deal strengthens its portfolio of lightweight materials for the automotive industry.

Terms were not disclosed.

Bond-Laminates is a 15-year-old company based in Brilon, Germany. The company employs about 80 and posted 2011 sales of 16 million euros ($20 million). The firm has worked with Lanxess since 2006 on automotive industry projects.

“We see tremendous potential for this composite technology as it spreads from the premium automotive segment to the wider market,” Lanxess Chairman Axel Heitmann said in a news release.

Bond-Laminates will be part of the Lanxess’ High Performance Materials business unit, headed by Michael Zobel.

High Performance Materials is part of the Performance Polymers segment, which generated 5.1 billion euros ($6.6 billion) in total sales in fiscal year 2011.


Comments

Lanxess buys Germany's Bond-Laminates

Published: September 12, 2012 6:00 am ET

Post Your Comments


Back to story


More stories

Image

Accella buys IPS Polymer Systems

March 3, 2015 5:26 pm ET

Accella Performance Materials Inc. is acquiring IPS Polymer Systems Inc. to expand the firm's growing polyurethane operation.    More

Image

Clear Lam settles Doritos lawsuit

March 3, 2015 4:06 pm ET

Clear Lam Packaging Inc. has settled a months-old lawsuit against Frito-Lay Inc. alleging “breach of contract, false advertising, and...    More

Image

Best Places To Work: No. 3, Sun Plastech Inc.

March 3, 2015 2:25 pm ET

Sun Plastech Inc., No. 3 on Plastics News' Best Places to Work ranking, offers so many interesting benefits and perks, it's hard to know where to...    More

Image

Best Places To Work: No. 4, Ayanna Plastics & Engineering Inc.

March 3, 2015 2:39 pm ET

Ayanna Plastics & Engineering Inc., a Clearwater, Fla., injection molder and toolmaker, ranks No. 4 on the Plastics News Best Places to Work list....    More

Image

Coveris sees 'common culture' form after mergers, acquisitions

March 3, 2015 11:37 am ET

Coveris Holdings Corp. is a mega-rollup in packaging, a major international player, said Robert Larson, president of Coveris' Food and Consumer North ...    More

Market Reports

Flexible Packaging Trends in North America

North America represents about 30 percent of the global consumption of flexible packaging. Annual growth in this region is forecast at 4 percent during the next 5 years.

For more insight on growth opportunities, drivers of growth and the outlook for 2015, download this report.

Learn more

Plastics Recycling Trends in North America

This report is a review and analysis of the North American Plastics Recycling Industry, including key trends and statistics based on 2013 performance. We examine market environment factors, regulatory issues, industry challenges, key drivers and emerging trends in post-consumer and post-industrial recycling.

Learn more

Plastics in Mexico - State of the Industry Report

This report analyzes the $20 billion plastics industry in Mexico including sales of machinery & equipment, resins and finished products.

Our analysts provide insight on business trends, foreign investment, top end markets and plastics processing activity. The report also provides important data on exports, production, employment and value of plastics products manufactured.

Learn more

Upcoming Plastics News Events

June 2, 2015 - June 3, 2015Plastics Financial Summit - Chicago 2015

September 16, 2015 - September 18, 2015Plastics Caps & Closures - September 2015

More Events