Teknor Apex acquires Sarlink
Teknor Apex Company has announced today that it has agreed to purchase the Sarlink business from Royal DSM N.V. Sarlink operates compounding facilities in Leominster, MA, USA. and Genk, Belgium.
Teknor Apex said that it will retain all of the approximately 90 Sarlink employees, including those with offices in Detroit, Sittard (The Netherlands), Shanghai, and Singapore. While the acquired business will operate as an integral part of Teknor Apex, it will continue to sell its TPVs under the Sarlink name.
The sale of Sarlink is a result of DSM's plans to focus its portfolio on Life Science and Materials Sciences. As announced in September 2007, DSM Elastomers with its Sarlink TPVs and Keltan EPDM rubber does not fit with this focus. The selling process for Keltan, the other business unit of DSM Elastomers, is ongoing.
"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 vice president of Teknor Apex. He noted that both Teknor Apex and Sarlink are primarily custom compounders, operate globally, and have extensive technical-support capabilities. Sarlink TPVs complement rather than duplicate the TPE offerings of Teknor Apex.
"The addition of the Sarlink TPV business will strengthen the position of Teknor Apex as the world's most diversified independent compounder of TPEs and expand our portfolio at the high-performance end, particularly for automotive applications," Lederer said. "It will also increase our capability to serve customers as a single source for multiple materials, including vinyl and engineering thermoplastics as well as TPEs, and to do so worldwide. Here, too, Sarlink complements Teknor Apex, bringing a strong market position in Europe, just as Teknor Apex is particularly strong in Asia."
Automotive is the largest market for Sarlink TPVs, with applications in soft touch interior, sealing system, chassis, under-hood, and wiring components. Teknor Apex maintains an Automotive Group that works with OEMs and their suppliers on applications for nylon, TPEs, and vinyl.
Other markets for Sarlink include building and construction, consumer products, corrugated hoses, tubing, and industrial components. Speciality Sarlink grades are used for potable water, food-contact, and medical applications. Sarlink's net sales in 2009 totaled EUR 70 million.
Teknor Apex is is headquartered in Pawtucket, RI, USA. Teknor Apex operates manufacturing facilities around the world, and sells in 90 countries. Six of the eight Teknor Apex business units focus on plastics compounding, including bioplastics; colour concentrates; nylon, PET, and other engineering thermoplastics; thermoplastic elastomers; toll and speciality compounds; and vinyl. The company's operations in the US serve customers throughout the Americas. Subsidiaries in China, Singapore, and the United Kingdom serve customers in Asia, Africa, the Mideast, and Europe. For US markets, the company manufactures chemicals such as plasticisers and the nationally branded consumer product, Apex garden hose.