Bakelite Expands Product Portfolio with Acquisition of Adhesives Provider Sestec
Bakelite recently announced that the company has completed its acquisition of Sestec, a Poland-based company known for its sustainable, protein-based adhesives for wood and composite products. Bakelite reports that this strategic move significantly enhances the company's position as a sustainability leader in the adhesive industry.
The acquisition of Sestec, whose adhesives are 100% biobased and designed to advance environmental stewardship, aligns with Bakelite's commitment to sustainability and innovation. By integrating Sestec's technology, Bakelite expands its portfolio of sustainable adhesive solutions on a global scale and continues to assist customers in achieving their sustainability commitments.
"This acquisition is a transformative step for Bakelite," said JP Aucoin, president and CEO of Bakelite. "Sestec's innovative, bio-based adhesives will not only broaden our product offerings but also reinforce our dedication to providing sustainable solutions. This positions us to continue to stay ahead of the increasing global demand for sustainable adhesives."
Sestec's adhesive systems, which include applications for MDF, HDF, particleboard, OSB, straw and fiberboard, and plywood, will now be part of Bakelite's extensive product portfolio. The acquisition includes, in addition to their innovative technology, Sestec’s administration office in Kraków, and Laboratory & Production facility in Trzebinia.
"Sestec represents the future of adhesives — biobased and sustainable. The acquisition enables Bakelite to scale our technology globally while maintaining our commitment to sustainable innovation," said Klaus Hofmann, the CEO of Sestec. "Integrating Sestec’s natural adhesive technologies enhances Bakelite’s ability to continue to meet the increasing demand for sustainable materials solutions," added Hans Edelmann, Sestec board member and co-founder.
Learn more about Bakelite at bakelite.com.
To read the latest news about mergers and acquisitions in the industry, visit ASI’s mergers and acquisitions page. Additional information about adhesives used in composite materials is available here.
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