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New fluoropolymer products
AGRU Austria has agreed to purchase the fluoropolymer production assets from Quadrant EPP AG for a non-disclosed amount. With this acquisition, AGRU will further strengthen its’ global leading position in the fluoropolymer products business by the addition of the materials, previous marketed as Symalit, within its’ own branded portfolio.
The transaction is limited to the assets currently located at Quadrant’s Lenzburg, Switzerland site. The plans call for the equipment to be dismantled and reinstalled at the largest site of AGRU in Bad Hall, Austria. Both companies are fully committed to the successful realization of a seamless and trouble-free transition and on-going continuous service to all customers. The transfer of assets is scheduled to be completed by the end of Q1, 2016. The affected customers will be informed about specific details by AGRU. This transaction will have no consequence to the machined parts business of Quadrant EPP, for these components the whole fluoropolymer product range will still be available from Quadrant EPP.
According to Petrus van Damme (President of Quadrant EMEA), “the fluoropolymer sheet & linings activities of Quadrant EPP is primarily related to project based businesses, and has been quite stable over the recent years. This activity was previously part of another business unit of Quadrant AG and has had little synergy with the other core business lines within Quadrant EPP. Therefore, in the best interests of the long-term future of all involved stakeholders of this activity, we evaluated all options and decided it was best to divest this business. We are delighted to have found a market leader such as AGRU, who offers clear synergies with their core business, as the new parent company. We are confident this will secure its’ long-term success. Quadrant EPP expects to have a close cooperation with AGRU in future”.
About Quadrant EPP
Quadrant Engineering Plastic Products (Quadrant EPP) is the world’s leading manufacturer of semi-finished products. Quadrant EPP’s materials range from UHMW polyethylene, nylon and acetal to ultra-high performance polymers that resist temperatures to over 425°C. The company’s rods, sheets, tubes and custom shapes are among others used to machine components for the semiconductor manufacturing, aerospace, electronics, chemical processing and various other industries. Quadrant EPP also manufactures finished products for these industries. Products and services are available through a worldwide network of branch offices, technical support centers and authorized dealers. Learn more about Quadrant EPP at www.quadrantplastics.com.
About the Quadrant group
Quadrant is a leading global manufacturer of high-performance thermoplastic materials in the form of semi-finished products and finished parts. The company has locations in 20 countries and more than 2 000 employees. Its specialty engineering thermoplastics and composites are superior in performance to metals and other materials and are used in a wide range of applications, primarily in the capital goods industry. Together with leaders in a broad variety of customer markets, Quadrant is continuously developing new areas of application. With its owner Mitsubishi Plastics, Inc., Quadrant is well prepared to expand its market leadership position in the future.
|Quadrant Engineering Plastic Products||BDB|
|Petra Brinkmann||Jenny Winter|
|Tel. +49 25 64 30 12 18||Tel. +44 (0) 161 925 4700|
|Email: email@example.com||Email: firstname.lastname@example.org|
About AGRU Kunststofftechnik GmbH
AGRU Kunststofftechnik GmbH is a family-owned, high performance enterprise, headquartered in Austria with worldwide activities in production and sales of high-quality polymer products. The main products are Industrial Piping Systems and Semi-Finished Products like sheets, bars and welding rods out of PE, PP, PVDF and ECTFE. AGRU implements the quality management system acc. to ISO 14001:2004. The extensive quality awareness ensures that the products fulfill the high technical demands of the worldwide applications.
|AGRU Kunststofftechnik GmbH|
|Tel. +43 (0) 7258 790-523|