Teknor Apex has acquired the UK and US engineering thermoplastics compounding businesses of Chem Polymer. Chem Polymer is a leading supplier throughout Europe and the Americas and has a growing presence in Asia and has 30,000tpa capacity in compounds of nylon, PBT and PET. It operates two UK plants at Oldbury and Cinderford, and one in the US. The new owner will retain Chem Polymer’s name and existing management as well as its workforce.
Teknor Apex produces compounds based on engineering resins, its largest plastics output by far has involved flexible vinyl and thermoplastic elastomers, along with colour concentrates for use with thermoplastics of all types. Teknor Apex has been looking to extend its geographical reach with a European acquisition following its move into Singapore. With this acquisition, Tecknor will benefit from the resources and expertise of Chem Polymer and will increase its capability to offer the economic and logistical advantages of ‘single sourcing’ to customers. This acquisition will also aid both Teknor Apex and Chem Polymer gain broader access to technology and international markets.