R"chling buys German sheet extruder

Published: August 24, 2012 6:00 am ET

Related to this story

Topics Mergers & Acquisitions, Film & Sheet, Thermoforming

HAREN, GERMANY (Aug. 24, 1 p.m. ET) — R"chling Engineering Plastics KG of Haren, Germany, has acquired plastics processor Maywo Kunststoff GmbH.

Maywo, based in Bad Gr"nenbach, Germany, extrudes single and multi-layer sheets and films of ABS and polystyrene for use in thermoforming applications. Maywo’s customers use the material to manufacture vacuum formed parts for various industries, including electronics, machinery construction, special vehicle construction, sports equipment, garden tools and aviation.

Terms of the deal were not disclosed. Maywo currently has 85 employees and sales of approximately 27 million euros ($33.8 million), according to a news release.

The company will become part of R"chling’s High Performance Plastics business unit. The acquisition will strengthen R"chling’s range of semi-finished product offerings, an area currently served by R"chling subsidiaries in Sweden and Finland, the company said in the release.

The acquisition will also benefit Maywo, boosting the company’s prospects with the further development of materials and technologies, an expanded product range and an increasingly international sales market, according to the release.

R"chling plans to expand operations at Maywo’s facility in Thal, a village in Bad Gr"nenbach. Two managers will run the facility — Maywo’s current general manager Wolfgang Baumgärtner and Florian Helmic, formerly the general manager for press moulding at R"chling’s facility in Haren.

R"chling Engineering Plastics KG is a subsidiary of Manheim, Germany-based R"chling Group.


Comments

R"chling buys German sheet extruder

Published: August 24, 2012 6:00 am ET

Post Your Comments


Back to story


More stories

Image

Ply Gem continues acquisition streak, buying Simonton for $130 million

August 20, 2014 2:33 pm ET

Building materials manufacturer Ply Gem Holdings Inc. will acquire Simonton Windows from Fortune Brands Home & Security in a $130 million deal that...    More

Image

Has the current M&A cycle peaked?

August 20, 2014 11:55 am ET

Plastics M&A veteran Thomas Blaige has called the peak of the current investment cycle.    More

Image

Faerch Plast doubling capacity in UK

August 20, 2014 9:42 am ET

R. Faerch Plast A/S, one of Europe’s leading producers of plastic containers for the food industry, is set to double production...    More

Image

Ohio molder sold to private equity firm

August 19, 2014 5:23 pm ET

Private equity firm TVV Capital of Nashville has acquired injection molder Design Molded Plastics Inc. for an undisclosed price.    More

Image

Pactiv selling building products unit to Ireland's Kingspan

August 19, 2014 3:54 pm ET

Irish building material manufacturer Kingspan Group plc is acquiring the insulation business of Lake Forest, Ill.-based Pactiv Building Products for $...    More

Market Reports

Thermoformed Packaging 2014 Market Review & Outlook North America

This in-depth report analyzes economic and market trends, legislative/regulatory activity impacting supply and demand, business opportunities and threats, materials pricing, manufacturing technology, as well as growth strategies being implemented by thermoformed packaging companies.

Learn more

Pipe, Profile & Tubing Extrusion in North America 2014

U.S. demand for extruded plastics is expected to grow by 3 percent in 2014, with PVC remaining the largest segment.

Plastic pipe will post the strongest gains through 2018, continuing to take market share from competing materials in a range of markets.

Our latest market report provides in-depth analysis of current trends and their financial impact on the pipe, profile and tubing extrusion industry in North America.

Learn more

2014 Injection Molding Industry Report

GROWTH, OPPORTUNITY IN SIGHT FOR INJECTION MOLDERS IN 2014

In the wake of the economic turbulence earlier in this decade, molders today find themselves in much better shape. Molders are gaining a competitive advantage by investing in people, equipment and seeking inroads into new markets on a global scale.

Growth in the injection molding industry is going to be driven by low financing costs and a continued move to reshore some business.

Learn more

Upcoming Plastics News Events

September 10, 2014 - September 12, 2014Plastics Caps & Closures 2014

January 14, 2015 - January 14, 2015Plastics in Automotive

February 4, 2015 - February 6, 2015Plastics News Executive Forum 2015

More Events