German firms combine hybrid part expertise

EUROPEAN PLASTICS NEWS

Published: August 21, 2014 11:18 am ET
Updated: August 21, 2014 11:21 am ET

Image By: Possehl Electronics Deutschland GmbH Possehl Electronics specializes in precision electronic components for a variety of industries.

Related to this story

Topics Mergers & Acquisitions, Europe, Electrical/electronics, Insert molding

L. Possehl & Co.’s acquisition of TPS Technical Plastic Systems GmbH will bring together companies which specialize in the manufacture of hybrid plastic-metal components for the automotive industry.

Possehl Electronics Deutschland GmbH, based in Niefern-Öschelbronn near Pforzheim, Germany, is acquiring TPS from DT Holding for an undisclosed amount. Possehl has another subsidiary in the same field, Pretema, which is expected to collaborate with TPS.

The deal, which was announced in June, requires the approval of anti-trust authorities in Germany and Romania.

Uwe Lüders, chairman and CEO of Possehl Group of Lübeck, Germany, said in a statement: “Pretema and TPS complement each other outstandingly. The collaboration offers both companies, which will remain independent subsidiaries and retain their company names in the future, outstanding growth opportunities. The two companies can also benefit from each other in terms of technology and products and complement one another, enabling them to strengthen and expand their combined market share on a sustainable basis.”  

Although the two companies will not be merged, Posshel said they have a combined workforce of 1,300 employees, and generate combined annual sales of more than 200 million euros ($265.6 million). Together they will be the largest contributor to sales within the electronics division of the Possehl Group. 

Dietrich Twietmeyer, chairman of DT Holding, said: “TPS has grown strongly and profitably in recent years. I am certain that this positive performance will continue both in association with Pretema and under the Possehl umbrella.”

TPS operates two German manufacturing facilities, in Wackersdorf and Fürth, and it owns other production companies in the Czech Republic, China, and Mexico. Its injection molding expertise includes insert molding and overmolding of metal parts to produce automotive components such as electronic housings and control units.

At Pretema’s one facility, in Niefern, Germany, it uses injection molding, as well as metal stamping, electroplating and laminating technologies, to produce hybrid electomechanical components. Injection molding is used in combination with reel-to-reel processes and also for regular loose part production.

Pretema has also developed the patented ReHot technology for hermetically sealing electronics housings used in harsh operating environments where temperatures range from -40°C to 160°C. “Owing to its excellent adhesion and flexibility even at low temperatures, using the two-component Reactive Hot melts guarantees that capillary gaps between metal and thermal plastic are sealed permanently,” the Pretema website states.


Comments

German firms combine hybrid part expertise

EUROPEAN PLASTICS NEWS

Published: August 21, 2014 11:18 am ET
Updated: August 21, 2014 11:21 am ET

Post Your Comments


Back to story


More stories

Image

New Hexcel plant will supply carbon fiber for Airbus A350 XWB

September 30, 2014 2:43 pm ET

Hexcel Corp. is investing $250 million on a new carbon fiber plant in France, with part of the production going into the future Airbus SAS A350 XWB.    More

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

Audacious vandal stuns Taipei Plas

September 29, 2014 4:59 pm ET

Melodrama erupted at the traditionally tranquil Taipei Plas trade show on Sept. 28 when a mysterious intruder flung red paint at the Baumüller...    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

Sale of PVC maker Oltchim still in limbo

September 29, 2014 10:25 am ET

Fresh attempts to privatize insolvent Romanian PVC producer Oltchim SA have met with new obstacles as the European Union questioned the Romanian gover...    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