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

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

Image

Large part molder EnviroTech in 'growth mode,' adds space, equipment

November 26, 2014 9:54 am ET

Salt Lake City-based EnviroTech Molded Products Inc. is adding new equipment and expanding its factory as it gains business in some of its...    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

Visteon in talks to sell its stake in Halla Visteon Climate Control JV

November 26, 2014 9:07 am ET

Visteon Corp. confirmed this morning that it is in discussions with a private equity firm to sell its stake in South Korean joint venture Halla...    More

Image

Globalization brings sizable growth, primarily in Asia

November 25, 2014 1:40 pm ET

In 1990, the year after Plastics News published our first issue, there were 33,000 injection molding machines sold worldwide. Fast forward to 2013, an...    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