WAYNE, N.J. - Norton Performance Plastics Corp. continued its move into the silicone elastomer market by purchasing a group of four European companies that make silicone products. The companies - Verneret, Gessil, MG Silikon GmbH and Sipro - have a combined capacity that places them among Europe's largest fabricators of silicone products, according to Wayne-based Norton.
Process technologies performed by the new acquisitions include extrusion, injection molding, compression molding, liquid injection molding, calendering and sponge/foam production.
Financial terms of the sale were not released. The deal increases Norton Performance Plastics' employment roster to 1,500, from 1,100. NPPC purchased the businesses from Malesherbes Industries SA, a holding company that specializes in small firms.
NPPC President Louis F. Laucirica said the deal puts more than 50 percent of the firm's sales in Europe and Asia.
``It significantly expands our capabilities with silicone-based polymers,'' he said.
NPPC, which will operate 20 factories worldwide with the purchase, manufactures products from fluoropolymers, silicone elastomers and other specialty polymers. It entered the silicone market in 1995, when it purchased Patter Products Inc. of Beaverton, Mich.
Verneret of Charny, France, manufactures tubing, roll covers, molded stoppers and accessories for the laboratory, pharmaceutical and industrial markets.
Gessil of Lyon, France, produces silicone tubing, drains, catheters and molded parts for the medical industry; glazing gaskets, expansion gaskets and spacers for the construction sector; and extruded gaskets and molded tight-tolerance silicone components for the appliance market.
MG Silikon GmbH of Lindau, Germany, makes silicone oven-door seals, aerospace seals and high-precision components for the automotive and appliance industries.
Sipro of Wiesbaden, Germany, makes silicone weatherproofing profiles, seals and gaskets for windows, curtain walls, glazed roof construction and doors.