Ravago acquires Styron's EPS business

By Frank Esposito
Senior Staff Reporter

Published: July 19, 2013 1:57 pm ET
Updated: July 19, 2013 1:59 pm ET

Related to this story

Topics Materials, Mergers & Acquisitions, Materials Suppliers

Materials conglomerate Ravago SA has purchased the expandable polystyrene resin business of Styron LLC for an undisclosed price.

The sale includes an EPS plant in Schkopau, Germany, as well as related intellectual property and the Sconapor brand name. “We are delighted to bring the EPS activities of Schkopau within the Ravago group,” Ravago CEO Theo Roussis said in a July 19 news release.

Styron President and CEO Chris Pappas added in the release that the sale “is in line with our strategic portfolio management to refine Styron’s portfolio of businesses.”

Privately owned Ravago operates plastic compounding and resin distribution businesses worldwide. The firm — based in Arendonk, Belgium — employs almost 5,000 and has annual sales of around $7.5 billion. Ravago’s operations include resin distribution giant H. Muehlstein & Co. Inc., which it bought in 2006.

The Styron EPS deal is Ravago’s first since its North American unit bought PET distributors Burcham International Corp. and Meckler and Associates in late 2012.

Berwyn, Pa.-based Styron is a major producer of styrenic resins and latex and rubber products. In North America, Styron owns 50 percent of Americas Styrenics LLC, the region’s largest PS maker. Styron employs 2,100 worldwide and has annual sales of around $5.5 billion.

Styron is in the process of renaming itself and its products as Trinseo. The firm also recently withdrew plans for an initial public offering of its stock.

 


Comments

Ravago acquires Styron's EPS business

By Frank Esposito
Senior Staff Reporter

Published: July 19, 2013 1:57 pm ET
Updated: July 19, 2013 1:59 pm ET

Post Your Comments


Back to story


More stories

Image

Optical disc molder OEM getting into micromolding with acquisition of CDA

August 29, 2014 11:24 am ET

Optical disc replicator and molder Optical Experts Manufacturing Inc. of Charlotte, N.C., has expanded its core business and entered new high...    More

Image

EPA fines RI polymer company

August 29, 2014 1:20 pm ET

A Rhode Island polymer manufacturer has reached a $60,000 settlement with the U.S. Environmental Protection Agency (EPA) for violating federal clean...    More

Image

Chinese compounders seek market shares, often at the expense of margins

August 29, 2014 10:02 am ET

China's largest compounder, Kingfa Sci. & Tech. Co. Ltd., as well as its more automotive-focused counterparts Shanghai Pret Composites Co. Ltd. and...    More

Polish injection molder Teknorubber up for sale

August 29, 2014 9:14 am ET

Polish plastic parts maker Teknorubber has been put up for sale following its insolvency filing in March 2014. The company is to be auctioned through ...    More

Image

PP prices rise 5 cents

August 28, 2014 3:59 pm ET

After a one-month break, volatility has returned to the North American polypropylene resin market, with prices increasing by an average of 5 cents per...    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