Elasto Müller Kunststoffe, the TPE division of Hexpol, 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 closure 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”.
“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.