A lack of synergy between its European and American operations has motivated Rotterdam, the Netherlands-based Nyloplast NV to seek buyers for Nyloplast America Inc., which it may split into two parts to sell.
The supplier of large-diameter sewer fittings wants a domestic owner for its wholly owned subsidiary, said Ewout Leeuwenburg, the U.S. operation's president and chief executive officer.
"The parent company doesn't feel like it can contribute much," Leeuwenburg said. "They feel that the company would be better off under local ownership."
The right ownership, Leeuwenburg said, would allow Nyloplast to develop its product lines. Growth potential is great, he said, and selling the company is the best way to maximize that potential.
The fittings and drainage units most likely will be split, he said.
"We have two very distinct divisions," he said. "We feel those two pieces would be better off sold separately."
The Buford, Ga.-based company has produced sewer fittings for the North American market since 1988, reporting $11 million in sales for 2000. The company's other facility is in Preston, Idaho.
Nyloplast NV has been producing PVC fittings since 1962 and reported 1999 sales of more than 65 million Dutch guilders ($26 million). The company trades on the Amsterdam Stock Exchange.