Hexpol division buys European Plastic Sealants

qiangzi

Tuesday, July 3, 2012
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- h4 D( d% q0 s. s$ Y2 V4 c: tSottrum, Germany - Elasto Müller Kunststoffe, the TPE division of Hexpol, will take over the business activities of European Plastic Sealants (EPS) based in Sottrum, Germany. EPS specializes in the development of compounds for caps and closures. Sales are worldwide to a range of closures markets including beverage sealants in crown corks, aluminium and plastic closures. The deal comes after several years of successful cooperation between Müller Kunststoffe and EPS. The business activities, product development and sales will be now be managed by a newly created ‘Caps and Closures’ department within Elasto Müller Kunststoffe. Raymond Exon, CEO at EPS will remain as caps and closures product manager for Elasto Müller Kunststoffe. Commenting on the deal, Carsten Rüter, Hexpol Compounding’s president global purchasing and technology said, “I am delighted we have been able to agree this deal with EPS with its leading position in the caps and closure market. The business will complement our existing position in custom TPE and complimentary compounds and provide excellent opportunities for growth.”