Deceuninck NV has extended its process range with the acquisition of a controlling interest in thermoplastic elastomer seal extruder Detajoint NV of Dottignies, Belgium.
Hooglede, Belgium-based Deceuninck, a global leader in PVC window and door profile extrusion, has bought a 75 percent stake in Detajoint, which makes three-layer extruded weatherproof seals for the construction and automotive industries.
Detajoint, formed in 1995, employs 15 at its single plant, which is equipped with seven coextrusion lines. The company reported 2002 sales of 2.5 million euros ($3 million), according to Deceuninck, which expects it to double sales this year.
Deceuninck uses about 100 million feet of seals annually for its window and door profiles. Most of the seals are inserted in PVC profiles as they are extruded, saving considerable time in production.
``Our interest in the company strengthens our strategy, which is aimed at optimum control over the know-how of our processes,'' said Clement De Meersman, Deceuninck chief executive officer. ``Detajoint will be able to further develop the specialized process, which will benefit both companies.''
Deceuninck plans to retain the existing management at Detajoint ``to maintain continuity,'' according to a news release.
With annual sales of more than 362 million euros ($427 million) in 2002, Deceuninck is continuing to grow. In June, it is set to complete the acquisition of Thyssen Polymer GmbH from German industrial group ThyssenKrupp AG for an undisclosed sum.
The acquisition of Thyssen Polymer, with extrusion capacity of 189 million pounds, puts Deceuninck ahead of German rivals HT Troplast and Veka AG in world rankings, giving it annual extrusion capacity of 430 million pounds.