NEWS
ProTec assets sold to Bekum and Piovan
Administrators acting for German engineering group ProTec Polymer Processing, which went into administra- tion in August last year, have sold some of the plastics machinery maker’s key assets, including its long fibre thermoplastic (LFT) systems business.
German blow moulding machinery maker Bekum Group acquired the LFT business unit last month and has established a new operation under the Bekum Services name. It will be based at Bensheim in Germany (where ProTec was headquartered) and will take on sales, service, installation and develop- ment of the former ProTec LFT pultrusion systems, which include an 8-strand lab line and 32 and 64-strand production systems.
In a separate deal, Italian ancillary maker Piovan has acquired certain Protec
Apollo to buy Univar
IMAGE: PROTEC POLYMER PROCESSING/BEKUM Bekum has acquired the former ProTec LFT pultrusion business
materials handling, dosing and recycling systems assets. The acquisition was made
through Piovan’s German subsidiary FDM and is intended to strengthen the company’s group presence in the country. Piovan said the deal does not include people or plant and it does not intend to continue to manufacture Protec products. It will, however, maintain installed equipment via FDM, as well
as offering Piovan upgrades and retrofits to existing ProTec customers. n Piovan Group announced an 85% increase in sales for 2022 to €531m, benefiting from the contribution from its acquisition at the end of 2021 of US firm IPEG, the parent of Conair, Pelletron and Republic Machine. Adjusted EBITDA was up 54% to €63m. �
www.bekum.com �
www.piovan.com
Lightly does it – Noho’s carbon savings stack up
DSM partnered with New Zealand- based direct-to-consumer furniture brand Noho to develop its Lightly chair, claimed to be the first to be manufactured from DSM’s castor oil-based EcoPaxx polyamide. The new Lightly chairs are de- signed to be stackable for simplified storage, ease of mobility and versatil- ity, with one chair weighing only 2.7kg and a stack of ten reaching just
6 COMPOUNDING WORLD | April 2023
106cm from the ground. In addition to ease-of-handling, the light weight reduces GHG emissions related to shipping, a sustainability benefit further advanced by EcoPaxx’s carbon footprint saving over conven- tional fossil alternatives. �
www.dsm.com
Right: Noho’s stacking chairs are made from DSM’s EcoPaxx PA
www.compoundingworld.com
Private equity group Apollo has agreed to acquire global chemical distributor Univar Solutions in an all-cash transaction that values the company at around $8.1bn. The deal is expected to close in the second half of 2023, subject to customary regulatory processes. Upon completion, Univar will become a privately held company. It will continue to operate under the Univar name and brand. “Univar is a global
leader in specialty chemi- cals and ingredients distribution, fueling a vast array of industries with innovative, safe and sustainable solutions [and] we believe Univar can accelerate its long-term strategy as an Apollo Fund portfolio company,” said Apollo Private Equity Partner Sam Feinstein. �
www.univarsolutions.com �
www.apollo.com
IMAGE: DSM ENGINEERING MATERIALS
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