Teknor Apex has continued to expand into the European marketplace by acquiring compounder Plastic Technologie Service Marketing und Vertriebs GmbH (PTS).
Acquisition
The deal was closed on March 31st 2016 and no details as to the purchase price for the Steinsfeld-based company have been disclosed. PTS produces compounds based on TPEs and engineering resins, such as nylon, PBT and polycarbonate for automotive, electrical and consumer goods applications.
PTS has licensed materials from Teknor since the beginning of the millenium and began making Teknor materials on a tolling basis in 2015.
PTS employs more than 100 at its 18.3 m sq facility in Bavaria. The plant operates several twin-screw extrusion lines and has an annual production capacity of almost 9 million kilos.
Managing Director of PTS Uwe Stenglin, who founded PTS in 1986, will maintain his role with Teknor along with the rest of PTS's management.
