Proventis Partners advised LAS Holding AG on the sale of Pontacol AG to Covestro Deutschland AG.

PRESS RELEASE

Zurich, 24 June, 2025 – Proventis Partners advised LAS Holding AG on the sale of Pontacol AG to Covestro Deutschland AG. The transaction is a significant step in implementing Pontacol’s growth strategy. Covestro, a leading manufacturer of high-quality plastics and components, has been identified as the ideal partner for Pontacol with its innovative film solutions. The merger will expand the product and technology portfolio and strengthen market presence in Europe. Additionally, further potential along the entire value chain is expected to be realized, enhancing customer benefits

The Transaction

On June 23, 2025, LAS Holding AG has signed an agreement to sell Pontacol AG, a Swiss manufacturer of multilayer adhesive films, and its subsidiaries (Pontacol GmbH, Germany and Pontacol Inc., USA) to Covestro Deutschland AG. The two owners of the LAS Holding, Adrian Leumann and Stefan Leumann, explain the move: “Pontacol has a great portfolio of adhesive films and unlimited possibilities for innovation. Leveraging the true potential of this special adhesive technology in today’s political and economic environment is challenging for a mid-size family company like LAS Holding. With Covestro we’ve found a new strong owner who can give Pontacol a new perspective for success, innovation and growth.”

“This acquisition is an important milestone in our Specialty Films growth strategy,” says Aukje Doornbos, Head of Business Entity Specialty Films at Covestro. “In recent years, we have already made large investments in expanding our global capacities. With Pontacol, we can strengthen our product development and expand our global offering for our customers. We are particularly looking forward to the approximately 100 experienced employees who will make a valuable contribution to our further growth with their expertise.”

The role of Proventis Partners

Proventis Partners accompanied LAS Holding AG as the exclusive M&A advisor throughout the entire sales process. The advisory services included the selection of potential buyers, discussions and negotiations with the buyer, coordination of the due diligence, as well as the structuring and negotiation of the economic terms of the transaction. Proventis Partners conducted a comprehensive sales process based on their expertise in chemicals and materials, engaging with relevant strategic buyers of adhesives worldwide, as well asselected financial investors with a suitable investment profile. This enabled the sellers to realize the full value while also finding the right new owner to unlock the full potential of Pontacol. The Proventis Partners transaction team consisted of Jan Wetter (Partner, Zurich), Jan-Philipp (JP) Pfander (Partner, Zurich), Cédric Mutz (Director, Zurich), Giuseppe Di Tommaso (Associate, Zurich) and Tassilo Pilars (Analyst, Zurich).

About Pontacol

Pontacol AG, based in Schmitten, Switzerland, with a subsidiary in Buxtehude, Germany, is a leading competence center for thermoplastic adhesive films. With over 50 years of experience, the company specializes in the production of ultra-thin adhesive films for industrial applications. These adhesive films bond parts and coat surfaces. The adhesive films marketed by Pontacol worldwide are used in applications such as automotive, textiles, composites, electronics and ballistic protection. Pontacol employs a total of 100 people.

About Covestro

Covestro is one of the world’s leading manufacturers of high-quality polymer materials and their components. With its innovative products, processes and methods, the company helps enhance sustainability and the quality of life in many areas. Covestro supplies customers around the world in key industries such as mobility, building and living, as well as the electrical and electronics sector. In addition, polymers from Covestro are also used in sectors such as sports and leisure, telecommunications and health, as well as in the chemical industry itself. The company is geared completely to the circular economy. In addition, Covestro aims to achieve climate neutrality for its Scope 1 and Scope 2 emissions by 2035, and the Group’s Scope 3 emissions are also set to be climate neutral by 2050. Covestro generated sales of EUR 14.2 billion in fiscal year 2024. At the end of 2024, the company had 46 production sites worldwide and employed approximately 17,500 people (calculated as full-time equivalents).