Covestro AG

Have updates for this profile? Please contribute data

= Subscriber Access Only

You are viewing a preview of this profile. Request a Preqin Pro demo for full access to all profiles and underlying data.

With Preqin Pro, you gain an unobstructed view of all alternative asset class activity across institutional investors, fund managers, funds, portfolio companies, deals, exits, and service providers.

Covestro AG - overview

Established

2015

Location

Leverkusen, -, Germany

Primary Industry

Chemicals

About

Covestro LLC specializes in the production of high-quality polymer materials, focusing on innovative solutions that meet global challenges in various industries, including automotive, electronics, and healthcare. Founded in 2015 in Leverkusen, Germany, Covestro LLC manufactures polymer materials that support diverse applications. The company was established as a result of a strategic pivot in the polymer sector, but there are no mentions of any specific changes in business operations. Covestro operates as an independent entity, with no references to parent companies or subsidiaries.


The current CEOs are Hai Eishu, Kiyoshi Uchiyama, Marco Wenk, Mario Ceribelli, and Markus Steilemann. Covestro is a world-leading manufacturer of high-quality polymer materials, focusing on the development and production of innovative solutions that address pressing global challenges. The company’s main product offerings include a diverse range of plastic materials used across various industries, such as automotive, electronics, construction, and healthcare. Covestro's products are designed to enhance the performance and sustainability of end applications, including lightweight components for vehicles, durable coatings for surfaces, and bio-based materials for medical devices.


The company's commitment to sustainability is evident in its strategy to embrace circular economy principles, which involves utilizing renewable raw materials and creating closed-loop systems for recycling plastics. Covestro serves a global client base, with notable markets in Europe, North America, and Asia, delivering solutions to manufacturers and end-users seeking to improve product efficiency and reduce environmental impact. The company generates revenue through direct sales and partnerships with various sector businesses, engaging in B2B transactions. Covestro supplies polymer materials critical to industries like automotive and electronics, reflecting the value and innovation of its offerings.


Primary Industry

Chemicals

Sub Industries

Paints & Coatings, Adhesives & Sealants, Rubber & Plastics

Website

www.covestro.com/

Verticals

Manufacturing

Total Amount Raised

Subscriber access only

Covestro AG - deals

Deals TypeDeal StatusTarget (s)Deal DateInvestor(s)Seller(s)Deal size (Mn)Enterprise value (Mn)Post-money valuation (Mn)EBITDA multiple (x)Revenue multiple (x)Lead partner (s)
BuyoutCompletedExolon Group NV-
Corporate Carve OutCompletedPLIXXENT GmbH & Co. KG-
Add-onCompletedCovestro LLC's PCS business-
N/ACompleted125 New South Road-
Add-onCompletedCovestro’s North American SPF Business-

Displaying 1 - 5 of 5

Time to go Pro

Get Preqin Pro for unrestricted access to 600,000+ detailed profiles on fund managers, investors, funds, companies, and other alternative asset players. Unlock exclusive data on future plans, company financials, fundraising history, track records, and more.