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 doubling of the original Helvoet."
This is an external link and should open in a new window. ERJ is not responsible for the content of external sites.
Website of Helvoet
Website of Philips HTP Automotive unit