News Markets & Companies
Biesterfeld expands presence in Asia with majority stake in OSP
Biesterfeld has acquired a majority stake in South Korea-based distributor OSP, strengthening its position in high-tech industries such as automotive, electronics, and coatings.
Hamburg-based German distributor Biesterfeld has announced the acquisition of a majority stake in OSP, a specialty chemicals and polymers distributor headquartered in Seoul, South Korea. Founded in 1993, OSP has established itself as a supplier of raw materials and additives for polyurethanes, coatings, adhesives, and specialty chemicals used in sectors such as automotive, electronics, and marine.
OSP’s partnerships with major global manufacturers such as Dow, DuPont, BASF, Evonik, and Celanese have positioned the company as a key player in South Korea’s high-tech industries. With this acquisition, Biesterfeld aims to expand its geographic presence and enhance its service capabilities for customers requiring technical expertise and tailored material solutions.
Strengthening global distribution capabilities
The acquisition aligns with Biesterfeld’s strategy to strengthen its customer-centric approach by providing consulting, testing, and implementation services for highly specific industrial applications. Stephan Glander, CEO of Biesterfeld, highlighted the importance of combining the strengths of both companies: “We are now able to further strengthen our customer-centric approach in the distribution of specialty chemicals and high-performance materials for demanding industrial applications.”
D. W. Kim, founder of OSP, expressed his commitment to the joint venture, stating: “Biesterfeld’s 120 years of experience in technical consulting and industrial applications make them an ideal partner for OSP’s next stage of development.”
Focus on high-tech industries in Asia
The partnership represents a strategic step in Biesterfeld’s expansion into Asia, a region with growing demand for advanced material solutions across industries like consumer goods, electronics, and automotive manufacturing. By leveraging OSP’s established market presence and Biesterfeld’s distribution expertise, the joint venture aims to deliver enhanced value to customers in these high-tech sectors.
The move is expected to strengthen Biesterfeld’s role as a global distributor of specialty chemicals, focusing on the integration of technical consulting and material expertise to meet the evolving needs of industrial applications.
