Distributor Continues Geographic Expansion in High-Tech Industries
Hamburg/Seoul, May 13, 2026 – Biesterfeld, one of the international leading distribution and service companies in the field of polymers, rubber, specialty chemicals and ingredients, has acquired a majority stake in South Korean company OSP, a leading distributor of specialty chemicals and polymers for industrial applications. Founder D. W. Kim will remain actively involved as a joint venture partner. The signing took place yesterday.
Founded in 1993, OSP is a well-established distributor of raw materials and additives for polyurethanes, coatings & adhesives, polymers, composites and specialty chemicals for the electronics industry. Through long-standing partnerships with companies such as Dow, DuPont, Evonik, BASF, and Celanese, OSP supplies products to a wide range of high-tech industries, including automotive, marine, electronics, and consumer goods.
Real added value for customers
The joint venture is focused on creating added value for customers by supporting the consulting, selection, testing, qualification and implementation of tailored material solutions that meet specific technical requirements.
Stephan Glander, CEO of Biesterfeld SE, explains: "Many thanks to Mr. 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."
D.W. 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."
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About Biesterfeld SE
Biesterfeld SE is the strategic holding company of the Biesterfeld Group, one of the international leading distribution and service companies in the field of plastics, rubber and specialty chemicals. Founded in 1906 in Hamburg, Germany, today the group has more than 1200 employees across more than 50 locations in Europe, North and South America, Asia and Africa and generates an annual revenue of 1.2 billion EUR (FY 2025). The fully family-owned company focuses on specialized market know-how and application-based technical advice across numerous industries in the business units Standard Polymers, Engineered Polymers, Performance Polymers, Rubber, Lifesiences and Industrial.
