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

Ineos making its UK shale play

November 21, 2014 9:29 am ET

Chemical giant Ineos Group AG is planning to be the biggest player in the United Kingdom's shale gas industry.    More

Image

UK plastics firms target customers in Mexico and Central America

November 20, 2014 4:31 pm ET

The British Plastics Federation is stepping up its interest in Latin American markets, as evidenced by its debut appearance at the Plastimagen México ...    More

Image

PET film maker Evertis expanding production in Mexico, Brazil, Portugal

November 20, 2014 2:52 pm ET

Evertis, a PET film maker, is expanding production at plants in Mexico, Brazil and Portugal, the company said.    More

Image

Coveris changes culture, eyes IPO

November 20, 2014 1:40 pm ET

CEO Gary Masse has a simple message, and some new math, for everyone at Coveris Holdings Corp. Get on board or get out of the way.    More

Image

Total to buy majority stake in Polyblend

November 20, 2014 10:04 am ET

French oil and gas giant Total SA will buy a 68 percent stake in Germany's Polyblend GmbH, a subsidiary of Polymer-Chemie GmbH.    More

Market Reports

Plastics in Brazil - State of the Industry Report

This in-depth report examines the Brazilian plastics industry from a historical and geographical context. Our analysts provide insight on economic trends and forecasts, growing manufacturing sectors that utilize plastics, private investment opportunities, market environment challenges, and innovations in R&D.

Data tables and charts on producer prices, trade, plastics production and end market indicators is also included.

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

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

October 27, 2015 - October 29, 2015Plastics Financial Summit - New York - 2015

More Events