Teknor Apex buys Sarlink TPV from DSM
Canadian PlasticsAutomotive Automotive: Materials
Materials compounder Teknor Apex is acquiring the Sarlink thermoplastic vulcanizate (TPV) elastomer business...
Materials compounder Teknor Apex is acquiring the Sarlink thermoplastic vulcanizate (TPV) elastomer business from Royal DSM N.V.
The terms of the acquisition have not been disclosed.
The purchase includes the Sarlink compounding facilities in the U.S. and Belgium, as well as offices the Netherlands, Shanghai and Singapore.
Teknor Apex will continue to sell TPVs under the Sarlink name.
“Teknor Apex is a natural fit for the Sarlink group and the synergies from our combined people and resources will benefit the customers of both,” said Bertram M Lederer, executive VP of Pawtucket, R.I.-based Teknor Apex.
Automotive is the largest market for Sarlink TPVs, and the business will expand Teknor Apex’s automotive portfolio. Other Sarlink markets include construction, tubing and industrial components.
According to DSM managing board member Nico Gerardu, the sale of the Sarlink unit is part of the company’s plans to concentrate on life and material sciences.