Teknor Apex acquires Plastic-Technologie-Service, expands in Europe as compounder of TPEs and ETPs

04-Apr-16

Teknor Apex Company has acquired Plastic-Technologie-Service (PTS), a German-based custom compounder of thermoplastic elastomers (TPEs) and engineering thermoplastics (ETPs). The deal, for an undisclosed amount, was finalised on March 31. PTS operates a state of the art manufacturing plant at Steinsfeld, Germany with more than 20,000 tons 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,” said Suresh Swaminathan, senior vice president in charge of the global TPE business of Teknor Apex. “They will bring to our partnership a range of unique technologies and service capabilities.” Among proprietary specialties of PTS is a hard/soft technology for over-molding 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 USA, 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,” said Jonathan Fain, Chairman and CEO of Teknor Apex. “It also brings together two companies that have shared the unique culture of being privately owned and intensively customer-centered.” 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 and Teknor Apex have taken similar pathways to success,” said Mr. Stenglin. “We look forward to our growth together and to merging our complementary technologies into a more comprehensive global portfolio of products.” Teknor Apex and PTS have enjoyed an excellent fifteen-year relationship involving licensing agreements, noted Jonathan Fain.