Teknor Apex Closes Deal with DSM to Acquire Sarlink
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Teknor Apex Co.
505 Central Ave.
Pawtucket, RI, 02861
Press release date: November 1, 2010
Addition of SarlinkŪ TPV Product Range Makes Teknor Apex the Most Diversified Independent Compounder of Thermoplastic Elastomers
PAWTUCKET, RI, November 1, 2010: The acquisition by Teknor Apex Company of the Sarlink thermoplastic vulcanizate (TPV) elastomer business was completed today upon the closing of a deal with former owner Royal DSM N.V., it was announced today by Teknor Apex. The parties declined to specify the purchase amount.
The Sarlink operation, including employees, technologies, compounding capabilities, and sales operations on three continents, has now become part of Teknor Apex's Thermoplastic Elastomer Division.. It will operate as a part of the larger group within the Company, supplying products under the SarlinkŪ brand and ensuring continuity of service to users of SarlinkŪ TPV compounds, said Teknor Apex vice president Suresh Swaminathan. At the same time, Swaminathan noted, the addition of the Sarlink business will expand the overall capability of Teknor Apex to serve as a single source for multiple compounds.
One example cited by Swaminathan involves the automotive industry, the largest market for Sarlink TPVs and one that Teknor Apex has long supplied with thermoplastic elastomer (TPE), vinyl, and nylon compounds. In the U.S., sales and support services for automotive manufacturers will be continue to be supported through an office in the Detroit area, at Rochester Hills, MI, while drawing on synergies between the various business units
"The Sarlink acquisition makes Teknor Apex the most diversified independent compounder of TPEs, with eight generically different polyolefin, styrenic, and TPV chemistries and strong positions in automotive, consumer product, industrial, medical, wire and cable and packaging markets," Swaminathan said. "This broad capability enables us to recommend only the very best TPE formulation for a customer's application and a back it up with experienced technical and engineering support."
Rolf Schrauwen, Sarlink global marketing director, noted that the continuity for existing Sarlink customers will be seamless: "As part of Teknor Apex, we will provide exactly the same high level of product quality and service that our customers have come to expect," he said. "The people, the products, and the Sarlink brand will not change and the company will continue to manufacture and offer the complete Sarlink product range. The same expert manufacturing people will operate the same compounding lines, drawing on the same raw material sources, and applying the same quality systems to the same specifications."
Also expanded with the Sarlink addition is Teknor Apex's global reach. The company now produces TPEs at five sites in the U.S., two in Europe, and one in Singapore.
"The Sarlink product line brings a unique elastomer technology to Teknor Apex, unlike those of any other TPEs, including our own existing TPV products," said Sachin S. Sakhalkar, new business development manager for Teknor Apex. "Sarlink products exhibit exceptionally rubber-like properties yet provide the processing advantages of thermoplastics over rubber, including higher productivity, greater design freedom, and recyclability. Compared with most other widely used TPEs, Sarlink TPVs provide greater elasticity, resistance to flexural fatigue, stability at high temperatures, chemical resistance, and weatherability."
Sarlink TPVs have received approvals from automotive OEMs worldwide. They have also been used successfully in applications as diverse as wine corks, pipe seals, wire and cable, food containers, and other consumer and industrial applications .containers, and other consumer and industrial products.
The THERMOPLASTIC ELASTOMER DIVISION of Teknor Apex Company is a leading manufacturer of TPE compounds, including multiple generic types based on polyolefin, vulcanizate, and styrenic technologies. Headquartered in Pawtucket, Rhode Island, U.S.A., the Division is an international supplier to the appliance, automotive, construction, medical-device, wire and cable, and other industries. Other plastics businesses of TEKNOR APEX include the Vinyl Div., Chemical Div., Specialty Compounding Div., Teknor Color Company, Chem Polymer, Singapore Polymer Corp., and Teknor Apex Suzhou. Visit the web site: www.teknorapex.com.
READER INQUIRY INFORMATION:
Americas: Teknor Apex,
505 Central Avenue,
RI 02861 U.S.A.
Tel. from U.S. only: 1-866-GET-TPEs (1-866-438-8737).