Müller Kunststoffe expand in caps and closures market
Müller Kunststoffe, part of HEXPOL's TPE family, is pleased to announce they have agreed a deal to take over the business activities of European Plastic Sealants (EPS) based in Sottrum, Germany from 1 July 2012.
EPS is specialised 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 HEXPOL TPE. Raymond Exon, CEO at EPS will remain as caps and closures product manager for 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”.
“We are also pleased to continue working with Exon, he is well known in the industry, and his knowledge will be invaluable to our customers. He will be working with our teams in Germany, UK, Sweden and China to establish a full product portfolio of TPE compounds for many caps and closure applications. We believe that the business development in this area will be very positive in the coming months and years. We expect to see some good opportunities for the group in the near future”, concluded Ralph Wolkener, president Europe and Asia at Hexpol Compounding.
About HEXPOL TPE
The HEXPOL TPE Family brings together the ELASTO businesses in Sweden, UK and China and Müller Kunststoffe in Germany. We are at the forefront in the development and manufacture of custom formulated thermoplastic elastomers (TPE) and complimentary compounds.
Our family delivers a trusted combination of material know-how, R&D, production capability and comprehensive technical services. Alongside European and Asian production and product development facilities, as part of the HEXPOL group of companies, we share an extensive global footprint covering EU, Asia and NAFTA, enabling us to support our customers worldwide.
A comprehensive product portfolio covering TPS, TPO, TPV, TPU, soft PVC, cork compounds and masterbatch is led by global brands Dryflex®, Mediprene®, Lifoflex®, EPSeal®, Lifolit®, Lifocork®, Lifobatch® and Lifoprene®. We support OEMs, moulders and designers at all stages of product development in the medical, electronic, automotive, caps & closures, construction and consumer markets.
HEXPOL TPE is part of the compounding division of HEXPOL, one of the world’s leading polymer groups. www.hexpolcompounding.com
Mediprene®, Dryflex®, EPSeal® , Lifoprene®, Lifoflex®, Lifocork®, Lifolit® and Lifobatch® are registered trademarks property of the Hexpol group of companies.
For further information please contact:
Jill Bradford Marketing & PR Manager, HEXPOL TPE
tel +44 161 654 2369 | email@example.com