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

Kydex, Allen Extruders joined under Sekisui SPI name

September 17, 2014 4:12 pm ET

Sekisui Chemical Co. Ltd. is combining plastic sheet makers Kydex LLC and Allen Extruders LLC under one roof as Sekisui SPI.    More

Image

Minnesota receives grant to help develop new bioplastics

September 17, 2014 4:08 pm ET

The University of Minnesota has received a $20 million grant to fund the development of new types of bioplastics.    More

Badger buys competitor Joseph Homa

September 17, 2014 4:04 pm ET

Badger Plug Co. has extended its protective plugs customer base by acquiring and closing a rival, Joseph Homa Consultants Inc. of Montreal.    More

Image

China's Polymax Elastomer launches U.S. production in Illinois

September 17, 2014 3:35 pm ET

Chinese materials maker Polymax Elastomer Technology Co. Ltd. has opened a North American production site and headquarters in Waukegan, Ill.    More

Image

PolyOne helps nonprofit get water purification to more places in need

September 17, 2014 1:59 pm ET

Resin giant PolyOne Corp. is teaming up with WaterStep, a non-profit water purification agency, to help the group assist a greater number of disaster ...    More

Market Reports

Plastics Caps & Closures Market Report

The annual recap of top trends and future outlook for the plastics caps & closures market features interviews with industry thought leaders and Bill Wood’s economic forecast of trends in growing end markets. You will also gain insight on trends in caps design, materials, machinery, molds & tooling and reviews of mergers & acquisitions.

Learn more

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

Upcoming Plastics News Events

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

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

More Events