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  5. Covestro Acquires Thermoplast Composite

M&A Deal Summary

Covestro Acquires Thermoplast Composite

On March 2, 2015, Covestro acquired plastics company Thermoplast Composite

Acquisition Highlights
  • This is Covestro’s 2nd transaction in the Plastics sector.
  • This is Covestro’s 1st transaction in Germany.

M&A Deal Summary
Date 2015-03-02
Target Thermoplast Composite
Sector Plastics
Buyer(s) Covestro
Deal Type Add-on Acquisition

Target

Thermoplast Composite

Langenfeld, Germany
Thermoplast Composite GmbH is specializing in the production of thermoplastic fiber composites.

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Buyer(S) 1

Buyer

Covestro

Leverkusen, Germany
Category Company
Founded 1863
Sector Chemicals
Employees17,543
Revenue 14.2B EUR (2024)
DESCRIPTION

Covestro provides polymers and innovative solutions for key sectors such as transportation, construction, electronics, furniture, sports equipment, and textiles. Covestro was founded in 1863 and is based in Leverkusen, Germany.

DEAL STATS #
Overall 4 of 5
Sector: Plastics M&A 2 of 3
Type: Add-on Acquisition M&A Deals 3 of 4
Country: Germany M&A 1 of 1
Year: 2015 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-04-12 Arkema - Polycarbonate Sheet Business

United States

Arkema - Polycarbonate Sheet Business comprises polycarbonate sheet business which includes the Tuffak line of products used in markets of aerospace, transportation, and heavy equipment.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-02-22 Covestro - Spray Polyurethane Foam

Spring, Texas, United States

Covestro LLC - Spray Polyurethane Foam is a producer of spray polyurethane foam, which is used as insulation and roofing in the construction of commercial buildings and residential homes.

Sell -
Mergr

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