Teknor Apex closes deal to buy Sarlink business
ERJ staff report (DS)
Pawtucket, Rhode Island -- The acquisition by Teknor Apex Company of the Sarlink thermoplastic vulcanisate (TPV) elastomer business was completed yesterday upon the closing of a deal with former owner Royal DSM N.V., it was announced by Teknor Apex. The parties declined to specify the purchase amount.
The Sarlink operation, including employees, technologies, compounding capabilities, and sales operations on three continents, has now become part of Teknor Apex's Thermoplastic Elastomer Division.. It will operate as a part of the larger group within the Company, supplying products under the Sarlink brand and ensuring continuity of service to users of Sarlink TPV compounds, said Teknor Apex vice president Suresh Swaminathan. At the same time, Swaminathan noted, the addition of the Sarlink business will expand the overall capability of Teknor Apex to serve as a single source for multiple compounds.
“The Sarlink acquisition makes Teknor Apex the most diversified independent compounder of TPEs, with eight generically different polyolefin, styrenic, and TPV chemistries and strong positions in automotive, consumer product, industrial, medical, wire and cable and packaging markets,†Swaminathan said. “This broad capability enables us to recommend only the very best TPE formulation for a customer's application and a back it up with experienced technical and engineering support.â€
“The Sarlink product line brings a unique elastomer technology to Teknor Apex, unlike those of any other TPEs, including our own existing TPV products,†said Sachin S. Sakhalkar, new business development manager for Teknor Apex. “Sarlink products exhibit exceptionally rubber-like properties yet provide the processing advantages of thermoplastics over rubber, including higher productivity, greater design freedom, and recyclability. Compared with most other widely used TPEs, Sarlink TPVs provide greater elasticity, resistance to flexural fatigue, stability at high temperatures, chemical resistance, and weatherability.â€
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Press release from Teknor Apex
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