Biesterfeld acquires Küttner GmbH

Published: January 10, 2013 6:00 am ET

Related to this story

Topics Materials, Mergers & Acquisitions, Suppliers

HAMBURG, GERMANY (Jan. 10, 12:30 p.m. ET) — Polymer distributor Biesterfeld AG has acquired all shares of Küttner GmbH of Speyer, Germany, with immediate effect.

The transaction, which is still subject to regulatory approval, is intended to position Biesterfeld Plastic GmbH to expand its business in rubber, rubber chemicals and thermoplastic elastomers.

Carsten Harms, managing director of Biesterfeld Plastic, said: “…In recent years Biesterfeld Plastic has built a specialized rubber distribution structure across Western Europe. Our new addition enables us to move further into the highly strategic markets of Central and Eastern Europe.”

Küttner GmbH has a turnover of approximately 25 million euros ($32.7 million) and 15 employees. Twelve of these are located in Speyer and three in Moscow.

Among Küttner’s main suppliers are ExxonMobil Chemical and Cabot, which are also strategic suppliers for Biesterfeld Plastic.


Comments

Biesterfeld acquires Küttner GmbH

Published: January 10, 2013 6:00 am ET

Post Your Comments


Back to story


More stories

Image

RPC Group buying Iceland's Promens

November 27, 2014 8:46 am ET

In a major acquisition that combines two rigid packaging companies with international footprints, RPC Group plc has signed a 399 million euro ($497...    More

RheTech to commercialize hemp fibers to replace glass in PP

November 27, 2014 6:00 am ET

RheTech Inc. plan to commercialize its first hemp fiber compounds in January.    More

Image

Market growing, but compounders say customers remain 'cautious'

November 27, 2014 6:00 am ET

Everywhere they've looked, North American compounders and concentrate makers have seen numbers on the rise in 2014.    More

Image

Huhtamäki selling film division

November 26, 2014 2:10 pm ET

Private equity firm Deutsche Beteiligungs AG (DBAG) will acquire the film business of Finland-based plastics packaging group Huhtamäki Oyj for 141...    More

Image

Americhem beats weather woes at start of 2014 for good fiscal year

November 26, 2014 9:45 am ET

Gains from the automotive and construction markets provided a strong fiscal 2014 for Americhem Inc.    More

Market Reports

Plastics Caps & Closures Market Report

The annual recap of top trends and future outlook for the plastics caps & closures market features interviews with industry thought leaders and Bill Wood’s economic forecast of trends in growing end markets. You will also gain insight on trends in caps design, materials, machinery, molds & tooling and reviews of mergers & acquisitions.

Learn more

Plastics Recycling Trends in North America

This report is a review and analysis of the North American Plastics Recycling Industry, including key trends and statistics based on 2013 performance. We examine market environment factors, regulatory issues, industry challenges, key drivers and emerging trends in post-consumer and post-industrial recycling.

Learn more

Plastics in Mexico - State of the Industry Report

This report analyzes the $20 billion plastics industry in Mexico including sales of machinery & equipment, resins and finished products.

Our analysts provide insight on business trends, foreign investment, top end markets and plastics processing activity. The report also provides important data on exports, production, employment and value of plastics products manufactured.

Learn more

Upcoming Plastics News Events

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

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

June 2, 2015 - June 3, 2015Plastics Financial Summit - Chicago 2015

September 16, 2015 - September 18, 2015Plastics Caps & Closures - September 2015

October 27, 2015 - October 29, 2015Plastics Financial Summit - New York - 2015

More Events