Saint-Gobain buys German precision molder

By Rhoda Miel
News Editor

Published: December 4, 2013 4:07 pm ET
Updated: December 4, 2013 4:09 pm ET

Related to this story

Topics Automotive, Mergers & Acquisitions, Injection Molding

Saint-Gobain Performance Plastics is continuing to add to its portfolio, buying German molder LS Kunststofftechnologie GmbH.

The acquisition, announced by Saint-Gobain on Dec. 4, is the third for the group this year and the fourth in the past 13 months.

LS, based near Frankfurt in Wertheim, Germany, has two production sites — one in Wertheim and another in Neuhaus — molding high-precision parts using high-temperature resins for automotive, medical and industrial applications. It has 220 employees.

The companies did not disclose the purchase price.

LS’s products for the auto industry include high-performance parts used in steering and chassis components and within the powertrain. It has clean-room production for medical disposables and produces a range of multi-component systems for a variety of customers. It has in-house expertise in design, tooling and testing its parts.

The locations in Germany will help Saint Gobain’s North American-based performance plastics division expand its sales in Europe, the company said,

In January, Saint-Gobain Performance Plastics of Aurora, Ohio — a division of Paris-based Cie. de Saint-Gobain — purchased American Fluoroseal Corp. of Gaithersburg, Md. It picked up Applied Bioprocess Containers of Plymouth, Minn., in March.

In November 2012, Saint-Gobain bought Twin Bay Medical Inc. of Williamsburg, Mich.

Saint-Gobain said the acquisition is a “perfect fit” with its strategy of strengthening its position in high-performance solutions. In November, it noted that one of its strategic goals for 2013-18 includes 4 billion euros ($5.4 billion) worth of small to mid-scale acquisitions.

 


Comments

Saint-Gobain buys German precision molder

By Rhoda Miel
News Editor

Published: December 4, 2013 4:07 pm ET
Updated: December 4, 2013 4:09 pm ET

Post Your Comments


Back to story


More stories

Image

RJG buys UK training group G&A

September 30, 2014 11:10 am ET

G&A Moulding Technology Ltd., a United Kingdom-based training and consultancy group, has been bought by RJG Inc., the U.S.-based training business.    More

Image

Ohio molder Denbro Plastics moves to new location

September 29, 2014 6:17 pm ET

Logo products injection molder Denbro Plastics Co. has moved to another plant within Toledo, Ohio, to streamline production and improve efficiency.    More

Image

Japan's parts makers face challenges as carmakers expand supply base

September 29, 2014 11:01 am ET

For all their size and success, Japanese auto suppliers that rocketed to global dominance on the coattails of their No. 1 customer, Toyota Motor Corp....    More

Image

Clariant extends reach into Asia with acquisition

September 29, 2014 9:54 am ET

Clariant International Ltd. is buying VitaPac (HK) Industrial Ltd., a Hong Kong-based company which produces desiccant packets for the healthcare...    More

Image

Nypro Healthcare continues to grow following Jabil acquisition

September 26, 2014 1:59 pm ET

Nypro Healthcare's newest medical device manufacturing facility offers 200,000 square feet of carefully configured Class 8 clean room molding and asse...    More

Market Reports

Plastics in Mexico - State of the Industry Report

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

Our industry analysis highlights macro industry trends and micro trends faced by companies that do business in Mexico. The report also provides key industry statistics and forecasts to anticipate future industry expansion.

Learn more

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

Injection Molders Market Report & Ranking 2014

This special package contains our 132-page 2014 Market Report on the Injection Molding segment and our exclusive 2014 RANKINGS database of 500+ Injection Molders for a discounted package price.

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

More Events