 "Teknor Apex buys Germany's Plastic Technologie Service")
Teknor Apex Company has acquired Plastic Technologie Service (PTS), a German-based custom compounder of thermoplastic elastomers (TPEs) and engineering thermoplastics (ETPs), for an undisclosed amount.
PTS operates a manufacturing plant at Steinsfeld, Germany with more than 20,000 tonnes of installed capacity, as well as a technical support facility. The product portfolios of PTS are diverse. TPEs include block copolymers based on a number of polymer chemistries, TPVs, and polymer blends. ETPs include several types of polyamide plus PBT, polycarbonate (PC), and PC / ABS blends.
“PTS is well known for innovation and is the European leader in developing ‘hard/soft’ solutions that combine elastomers with rigid polymers. They will bring to our partnership a range of unique technologies and service capabilities,” said Suresh Swaminathan, senior vice president in charge of the global TPE business of Teknor Apex.
Among proprietary specialties of PTS is a hard/soft technology for over-moulding TPEs onto polar ETP substrates, such as nylon and acetal, and producing a durable bond. Another specialty is radiation-crosslinked grades of ETPs and TPEs.
For the past year, PTS has manufactured TPE and ETP compounds for Teknor Apex under a tolling agreement. Now the PTS compounding facility at Steinsfeld becomes the second manufacturing site in Europe for Teknor Apex, which already compounds TPEs at a facility in Genk, Belgium. Teknor Apex also produces compounds at locations in the US, Singapore, and China.
“The acquisition of PTS is a natural fit in the strategic vision of Teknor Apex to support the market with a global footprint and local presence. It also brings together two companies that have shared the unique culture of being privately owned and intensively customer-centred,” said Jonathan Fain, chairman and CEO of Teknor Apex.
PTS was founded in 1986 by Uwe Stenglin, who will continue in his role as managing director. As a subsidiary of Teknor Apex, PTS will continue to supply products under its existing brands.
PTS operates a manufacturing plant at Steinsfeld, Germany with more than 20,000 tonnes of installed capacity, as well as a technical support facility. The product portfolios of PTS are diverse. TPEs include block copolymers based on a number of polymer chemistries, TPVs, and polymer blends. ETPs include several types of polyamide plus PBT, polycarbonate (PC), and PC / ABS blends.
“PTS is well known for innovation and is the European leader in developing ‘hard/soft’ solutions that combine elastomers with rigid polymers. They will bring to our partnership a range of unique technologies and service capabilities,” said Suresh Swaminathan, senior vice president in charge of the global TPE business of Teknor Apex.
Among proprietary specialties of PTS is a hard/soft technology for over-moulding TPEs onto polar ETP substrates, such as nylon and acetal, and producing a durable bond. Another specialty is radiation-crosslinked grades of ETPs and TPEs.
For the past year, PTS has manufactured TPE and ETP compounds for Teknor Apex under a tolling agreement. Now the PTS compounding facility at Steinsfeld becomes the second manufacturing site in Europe for Teknor Apex, which already compounds TPEs at a facility in Genk, Belgium. Teknor Apex also produces compounds at locations in the US, Singapore, and China.
“The acquisition of PTS is a natural fit in the strategic vision of Teknor Apex to support the market with a global footprint and local presence. It also brings together two companies that have shared the unique culture of being privately owned and intensively customer-centred,” said Jonathan Fain, chairman and CEO of Teknor Apex.
PTS was founded in 1986 by Uwe Stenglin, who will continue in his role as managing director. As a subsidiary of Teknor Apex, PTS will continue to supply products under its existing brands.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%