INVISTA acquires polyamides compounding plant in the Netherlands
21 December 2012 18:27 [Source: ICIS news]
HOUSTON (ICIS)--INVISTA has acquired a polyamides compounding and recycling plant in the ?xml:namespace>Netherlands for an undisclosed sum, the US-based fibre and polymers major said on Friday.
INVISTA said it bought the plant in Born, near Maastricht, from privately-held VSL Born BV. INVISTA will take over all of the site's 30 workers, the company added.
The plant focuses on the compounding and recycling of polyamides used in automotive, electrical, industrial and consumer goods applications.
“Europe is a critical region for automotive manufacturers and other global decision-makers within the industry,” said Kurt Burmeister, executive vice president of INVISTA Engineering Polymers.
“The Born site’s expertise, location, employee values and position as a trusted compounder made them the right fit for our company,” Burmeister said.By: Stefan Baumgarten+1 713 525 2653
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