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

Cascade Engineering founder Keller to step down as CEO

September 16, 2014 8:33 pm ET

Cascade Engineering Inc. is undergoing a transition as President Mark Miller will also add the role of CEO, replacing founder Fred Keller, who has...    More

Image

DuPont investing $100 million for more ethylene copolymer capacity

September 16, 2014 1:51 pm ET

Increased packaging demand is leading materials giant DuPont Co. to spend more than $100 million to increase capacity for ethylene copolymers at its...    More

Image

Canadian, Mexican injection molders form auto supply joint venture

September 16, 2014 2:26 pm ET

A new automotive parts manufacturer will open in Querétaro, Mexico, through a joint venture between Canadian automotive supplier Papp Plastics and...    More

Image

American Renolit sees steady gains in the film market

September 16, 2014 11:51 am ET

American Renolit Corp. has changed its product mix, changed its customer base and managed to grow in a market that was initially skeptical about the...    More

Image

Flexibility for complexity key for Brampton

September 16, 2014 11:26 am ET

Blown film machinery maker Brampton Engineering Inc. is well positioned to meet growing demand for complex film structures, highly customized packagin...    More

Market Reports

Shale Gas Market - Analysis of North American Region

This report highlights the impact of shale-based natural gas on the North American plastics market and features an in-depth analysis of production trends in the United States during 2013 and a forecast for 2014 and beyond.

Learn more

Thermoformed Packaging 2014 Market Review & Outlook – North America

This in-depth report analyzes economic and market trends, legislative/regulatory activity impacting supply and demand, business opportunities and threats, materials pricing, manufacturing technology, as well as growth strategies being implemented by thermoformed packaging companies.

Learn more

Pipe, Profile & Tubing Extrusion in North America 2014

U.S. demand for extruded plastics is expected to grow by 3 percent in 2014, with PVC remaining the largest segment.

Plastic pipe will post the strongest gains through 2018, continuing to take market share from competing materials in a range of markets.

Our latest market report provides in-depth analysis of current trends and their financial impact on the pipe, profile and tubing extrusion industry in North America.

Learn more

Upcoming Plastics News Events

January 14, 2015 - January 14, 2015Plastics in Automotive

February 4, 2015 - February 6, 2015Plastics News Executive Forum 2015

More Events