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Acquisition of reinforced plastic pellet machine manufacturer is expected to drive growth and profitability with expanded equipment platform for plastics industry and access to new markets.
Schoeller Polymer Industries GmbH, a designer and manufacturer of equipment and services for the plastics industry announces that it has acquired through its wholly owned subsidiary, ProTec Polymer Processing GmbH, the assets of PolymersNet GmbH for an undisclosed amount. PolymersNet is an independent company in Europe manufacturing state-of-the-art machines for high volume production of long-fiber reinforced thermoplastic (LFT) pellets, which are used for the injection molding of high strength, low weight plastic parts. The advantages of LFT technology are becoming widely recognized, particularly in the automotive parts industry, and significant new applications are expected to develop in the packaging (pallets and returnable boxes), appliances, sport equipment and facilities, medical equipment and aerospace components.The acquisition of PolymersNet includes all assets - intellectual property, a complete LFT manufacturing line for onsite demonstrations and production of customer samples, and other related equipment. Today the worldwide demand for LFT pellets, which are imbedded in a unique process with glass or carbon fibers, exceeds the supply of pellets. ProTec is currently investing in a new, state of the art LFT production and technical center at their Bensheim (near Frankfurt), Germany facility. The company expects to be fully operational and conducting customer trials in late August. Previously LFT machines were distributed under ProTec’s Pultrusion brand name.More information: www.schoeller.org - www.sp-protec.com