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 Mergers & Acquisitions, Automotive, 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

How CEO Santi is changing ITW

April 23, 2014 2:48 pm ET

Scott Santi is showing he can do more than just cut costs at Illinois Tool Works Inc.    More

Quality Vision buys ShapeGrabber

April 23, 2014 10:19 am ET

Quality Vision International Inc. of Rochester, N.Y., has purchased ShapeGrabber Inc., a maker of automated three-dimensional scanners, in a deal...    More

Image

Pregis Corp. to get new owner

April 22, 2014 11:44 am ET

The private equity owner of Pregis Corp. is selling off its North American operations for an undisclosed sum.    More

Auto supplier adds production space, jobs at plant in central Hungary

April 22, 2014 9:50 am ET

Automotive parts manufacturer Ábrahám Kft. has expanded its factory in Túrkéve, in central Hungary, with the launch of a new production hall as part...    More

Image

German electronics firm expanding in Hungary

April 22, 2014 9:46 am ET

German electronics manufacturer Provertha GmbH has announced plans to set up a new plastic galvanizing plant at the Kapuvár Industrial Park, in northw...    More

Market Reports

Thermoformed Packaging 2014 Market Review & Outlook – North America

This in-depth report provides analysis and discussions of economic and political conditions, market trends, legislative/regulatory activity impacting supply and demand, business opportunities and threats, materials pricing, manufacturing technology, as well as strategies being implemented by thermoformed packaging companies. In addition, there are reviews of 25 leading thermoformers in the packaging segment, assessing their growth initiatives and performance metrics over 10 years.

Learn more

Automotive Market Review and Outlook 2014 – The Americas

This 75-page report features in-depth analysis of the automotive industry for the Americas. It includes discussions of market trends, legislative/regulatory activity impacting production and threats as well as design strategies being implemented by the major automakers. Detailed charts and data tables outline North American automotive production over the last five years.

Learn more

Plastics Building & Construction Market Review and Outlook 2014 with MS Excel chart data

This report provides in-depth analysis of the plastic building and construction market for North America, including discussions of trends, opportunities, threats and the latest developments in construction trends that impact plastics processors.

Learn more

Upcoming Plastics News Events

May 6, 2014 - May 8, 2014Plastics in Medical Devices 2014

May 12, 2014 - May 12, 2014Plastics News Brazil Pharma Summit

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

February 3, 2015 - February 7, 2015Plastics News Executive Forum 2015

More Events