Patrick Thomas Bayer 600

Covestro looking to acquisitions during next five years

Leverkusen, German – Materials supplier Covestro will be looking to bolt-on acquisitions to boost its speciality business and developing tailored solutions for its customers in the next five  years, according to CEO and interim CFO Patrick Thomas.

During a Capital Markets day in London, the Leverkusen, Germany-based company said it had significantly outgrown its industry since its IPO in 2015, recording core volumes expansion of 10.4% between 2014 and 2016 and higher free operating cash flow of +73% in the same period.

From 2017 onwards, however, the…

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