New Fluorpolymer products

New Fluorpolymer products

Nov 8, 2015  | Materials 

New Fluorpolymer products
(Photo by: AGRU Kunststofftechnik GmbH)

AGRU Kunststofftechnik GmbH enters into agreement with Quadrant EPP AG to purchase its’ fluoropolymer product related assets

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”.

Via AGRU Kunststofftechnik GmbH
Image,video ©: AGRU Kunststofftechnik GmbH