LANXESS Acquires Germany’s Bond-Laminates

September 17 2012

Specialty chemicals company LANXESS is strengthening its innovative product portfolio of lightweight materials to the automotive industry by acquiring German company Bond- Laminates GmbH. Financial details were not disclosed. The transaction has closed with immediate effect.

Founded in 1997, Bond-Laminates is based in Brilon, North Rhine Westphalia, and specialize in developing and producing custom-made plastic composite sheets that are reinforced with materials such as glass fibers. This composite technology is sold under the brand TEPEX. LANXESS has already been working with Bond-Laminates since 2006 on several successful projects with the automotive industry.

In comparison to metal parts, the plastic composite sheets are easier to process, have excellent mechanical properties and weigh up to 40 percent less. This means the automotive industry can cut production costs, increase freedom of design and improve safety. In addition, the fuel consumption and emissions of a car can be lowered.

“LANXESS is reinforcing its credentials as a premium supplier of innovative products that serve the growing trend of ‘Green Mobility’,” said Chairman of the Board of Management of LANXESS, Axel C. Heitmann. “We see tremendous potential for this composite technology as it spreads from the premium automotive segment to the wider market.”

Bond-Laminates’ production site, simulation technology and laboratory facilities are based in Brilon. It employs roughly 80 people and achieved sales of EUR 16 million in 2011. Bond-Laminates and its management team will be part of the LANXESS’ High Performance Materials (HPM) business unit, headed by Michael Zobel.

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