- In October 2024, Eastman, a U.S.-based specialty materials leader, acquired Dalian Ai-Red Technology (Dalian) Co., Ltd., a manufacturer of paint protection and window films for automotive and architectural applications across the Asia-Pacific region. This strategic move enhances Eastman’s advanced coatings and performance films capabilities, expanding its production capacity and innovation potential to meet growing global demand. The acquisition aligns with Eastman’s goal to deliver high-performance, value-added solutions in the industrial film market, particularly in automotive and architectural aftermarket films
- In September 2024, Brookfield Asset Management completed a strategic investment in Castlelake L.P., acquiring a 51% stake in its fee-related earnings and committing capital to Castlelake’s private credit strategies. Castlelake, a global alternative investment firm, specializes in asset-based private credit, including aviation and specialty finance. While not directly tied to industrial films, this move reflects a broader trend of capital flows into infrastructure and industrial assets, which can indirectly boost demand for industrial films used in construction, packaging, and logistics
- In April 2024, Cosmo Films introduced seven innovative specialty films for the U.S. market at Label Expo Americas 2024, showcasing its commitment to product diversification and industry-specific innovation. The new lineup includes PVC-free graphic films for signage, high shrink label films (PETG and Crystalline PET), CPP extrusion lamination films, Teplo R heat-resistant films, 92-micron white and clear label films, Flexi Premere non-tear elongation films, and primer-coated films for enhanced printability. These launches reflect Cosmo’s focus on sustainability, print performance, and application versatility across packaging and labeling sectors
- In December 2022, Hahn & Co., a leading South Korean private equity firm, completed the $1.2 billion acquisition of SKC’s industrial film business, marking one of the country’s largest M&A deals that year. The acquired unit, a global leader in polyester (PET) film production, ranks fourth worldwide and serves sectors such as mobile displays, semiconductors, and industrial packaging. This strategic move reflects ongoing consolidation trends in the industrial film market, as firms aim to enhance competitiveness, scale operations, and drive innovation through targeted acquisitions
