Helvoet moves into plastics with Philips HTP Automotive buy

Hellevoetsluis, Netherlands – Helvoet Holding has acquired Philips High Tech Plastics Automotive. The takeover strengthens Helvoet’s plastics business. Following this transaction Helvoet will continue under the name of Helvoet Rubber & Plastic Technologies.

In a statement, Helvoet said, ” Philips HTP Automotive specialises in extremely precise plastic components for the automotive industry. … The new branch of Helvoet supplies 35 percent of all impellers (centrifugal fans) in the fuel pump sector. In 2005 the new company will employ a team of 950 people.This represents a…

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