US company acquires LS Kunststofftechnologie GmbH
Saint-Gobain Performance Plastics (SGPPL) - with headquarters in Aurora, Ohio - has finalized the acquisition of LS Kunststofftechnologie GmbH, a German manufacturer of high-Performance polymer components for the automotive, medical and industrial markets.
Created in 1985, LS Kunststofftechnologie is headquartered in Wertheim, near Frankfurt. It has two production sites, one in Wertheim and the other in Neuhaus in Thuringia, and more than 220 employees. In Neuhaus, the total staff of 110 will be taken over and further jobs could be created.
Since 2008 the German Company has extended its sales activities in China and the US. "For consolidating our global business we need a big partner", says Werner Schmidt, one of the general managers of LS Kunststofftechnologie in Neuhaus. First contacts to SGPPL have been established as early as in 2006.
LS co-develops tailor-made solutions in response to its customers' specific requirements and has cutting-edge expertise in design, tooling, testing and the processing of high-temperature polymers. The product range of both companies do not overlap, thus LS stays the center for material developments. The addition of LS to Saint-Gobain Performance Plastics will help boost international sales of their products and contribute to a continuous growth of all company sites.back