en.Wedoany.com Reported - Recently, German company Biesterfeld signed an agreement to acquire a majority stake in South Korea's OSP. OSP is a leading distributor of specialty chemicals and polymers for industrial applications. Founder D. W. Kim will continue to be deeply involved in the company's operations as a joint venture partner. Established in 1993, OSP has long specialized in raw materials and additives for polyurethanes, coatings and adhesives, polymers, composite materials, and specialty chemicals for the electronics industry. The company maintains stable partnerships with international chemical giants such as Dow, DuPont, Evonik, BASF, and Celanese, with its product supply covering high-tech industries including automotive, marine, electronics, and consumer goods.
The newly formed joint venture will focus on creating tangible added value for customers, with specific initiatives including assisting clients in the consultation, selection, testing, qualification, and implementation of customized material solutions to meet specific technical requirements. Stephan Glander, CEO of Biesterfeld SE, stated: "I am very grateful to Mr. Kim, the owner and founder of OSP, for giving us the opportunity to combine the strengths of both companies, focusing on specification-driven distribution of specialty chemicals and high-performance materials for demanding industrial applications. Through this new joint venture, we can further strengthen our customer-centric service model." OSP founder and owner D. W. Kim commented: "We are very pleased to establish this joint venture with Biesterfeld. With their 120 years of technical consulting experience and profound expertise in industrial applications, they are the ideal partner for OSP's next phase of development."
This acquisition marks a further deepening of Biesterfeld's strategic layout in the specialty chemicals distribution sector in the Asia-Pacific region. Both parties believe that by leveraging their complementary strengths in technical consulting, supply chain management, and customer relations, the joint venture will provide more precise material solutions for the demanding industrial applications market.
This article is compiled by Wedoany. All AI citations must indicate the source as "Wedoany". If there is any infringement or other issues, please notify us promptly, and we will modify or delete it accordingly. Email: news@wedoany.com
