German distribution and services group Biesterfeld has acquired a majority stake in South Korean specialty chemicals distributor OSP, marking a strategic expansion into Asia’s high-tech materials market.
Biesterfeld, a leading international distributor in polymers, rubber, specialty chemicals and ingredients, said the move strengthens its footprint in industrial applications where technical precision and customer-specific material solutions are increasingly critical.
Founded in 1993, OSP has built a strong position as a distributor of raw materials and additives used in polyurethanes, coatings & adhesives, polymers, composites and electronics-focused specialty chemicals.
The company has long-standing partnerships with global chemical majors including Dow, DuPont, Evonik, BASF, and Celanese, supplying key inputs to automotive, marine, electronics and consumer goods industries.
At the core of the deal is a joint strategy focused on technical value creation—supporting customers through consulting, material selection, testing, qualification and implementation of application-specific solutions.
Stephan Glander, CEO of Biesterfeld SE, explains: "Many thanks to Kim, owner and founder of OSP, for the opportunity to combine the strengths of our two companies in this highly specification-driven distribution of specialty chemicals and high-performance materials for demanding industrial applications. With this new Joint Venture we are now able to further strengthen customer-centric approach."
DW Kim, founder and owner of OSP, says: “We are very pleased to enter this joint venture with Biesterfeld. Their 120 years of technical consulting experience and strong industrial application expertise make them an ideal partner for the next stage of OSP’s development."
Biesterfeld said the acquisition aligns with its long-term strategy to expand in engineered and performance materials, leveraging its global network and technical expertise.
