Invista expands in Europe through Dutch compounding acquisitionInvista expands in Europe through Dutch compounding acquisition
US polyamide supplier Invista (Wichita, KS) has acquired a compounding facility previously operated by privately-held VSL Born B.V. (Born, The Netherlands), which focuses on the compounding and recycling of polyamides used in automotive, electrical/electronic, industrial and consumer goods applications.
January 3, 2013
Invista will place the compounding asset within its Engineering Polymers business. Beginning immediately, assets owned by Netherlands-based VSL will transfer to Invista to produce Invista's product brands, including Torzen PA66 resin.
"Europe is a critical region for automotive manufacturers and other global decision-makers within the industry," said Kurt Burmeister, executive vice president, 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." The Born site has approximately 30 employees, all of whom will transition into Invista.
While Invista plans to use the site primarily to produce prime-based compounds under its Torzen brand, the plant also has capacity and capabilities to produce high-quality recycled products. The asset acquisition in Born also enables additional capacity for potential new product and application development.
Along with the acquisition, Invista continues to rely on its global network of toll compounders-including those located in Europe-to meet specific customer needs. "Our business model now includes internal compounding production as well as contract manufacturers," added Burmeister. "We continue to see opportunities to leverage contractors' capacities, locations and competencies while simultaneously extending our reach through this acquisition."
Earlier this year, Invista also announced plans to expand its plant in Rozenburg, the Netherlands, for production of polyamide salt-a precursor to polyamide polymer.
According to PCI Nylon Yellowbook, Invista is the world's largest producer of polyamide 66. Invista has a network of independent compounders in the U.S., Brazil, Turkey, Italy and China, and has in-house PA66 manufacturing capabilities in the U.S., Canada, the Netherlands and Argentina. Additionally, the company has commercial, technical and distribution facilities in each major region around the world.
About the Author(s)
You May Also Like
Bioplastics News StreamDec 11, 2023
CFR Thermoplastic Plate a Step Change in Running-Shoe EngineeringDec 11, 2023
Talent Talk: The Fed Finally Broke SomethingDec 11, 2023
Taking the Air Out of Tires Isn’t a Bad ThingDec 08, 2023