NEWS Kafrit strikes deal with Nemo
Israeli start-up Nemo Nanomaterials, which provides nanomaterial-based industrial additives, and global masterbatch and compound producer Kafrit have signed a wide-ranging agreement that involves investment and collaboration between the two. The partnership will allow Nemo access to the markets Kafrit is already active in, as well as providing opportu- nities to develop new products. Nemo’s technology allows even
dispersion and distribution of carbon nanomaterials such as single-walled carbon nanotubes (SWCNT) in a variety of matrix materials. These proprietary NemoBlend additives are said to enable new properties in thermoplastics. “Kafrit is continuously looking for
breakthrough technologies which create value for our customers,” said Nadav Goldstein, VP Business Devel- opment and Innovation at Kafrit Group.
Borealis LFT-PP gives VW’s Multivan a lighter tailgate
Borealis’ Fibremod long fibre thermoplastic (LFT) is being used to produce what is claimed to be largest-ever all-ther- moplastic tailgate for the new VW Multivan. Borealis worked with leading Tier One supplier Magna to develop the lightweight tailgate, which consists of several components. The outer frame and the inner part are made in Fibremod GB416LF and are glued together; painted exterior parts are glued to the tailgate structure as well. The Fibremod GB416LF grade used is specifically modified for use in tailgate carriers and visible structural parts. It is a high-flow, 40% fibre-reinforced material that meets emission and mechanical performance requirements while offering excellent surface aesthetics. �
www.borealisgroup.com
All change at Wells Plastics
UK-based Wells Plastics has announced a secondary management buyout (MBO) led by two of its executive Directors, Carl Birch and Stuart Law. The MBO, which bought out the two previous long-term investors follow- ing an initial MBO in 2011, sees Technical Manager Dr Gary Ogden becoming a shareholder and the formation of a new Execu-
8
tive Management Team from within the company. The move follows a series
of investments within the company, including the recent creation of an Innovation Centre to support ongoing development of bespoke masterbatches and compounds. This has lifted capacity for its specialist additive masterbatch products to 10,000 tonnes/yr. “We have all worked
COMPOUNDING WORLD | November 2022
extremely hard in recent years [and], despite the challenges of Brexit, global pandemics and input cost price increases, turnover has more than doubled to over £20m,” said Stuart Law, Finance and Operations Director. “This MBO now presents an opportunity for management to share in the success and future growth of the business.” �
www.wellsplastics.com
“We found a unique technology both in the process and in the additives produced by the company, and we are delighted to invest in Nemo. Together we will work for the future of the plastics industry.” Nemo products can be applied in automotive, electronics, textile, construction, energy, aviation and aerospace sectors. �
https://kafrit.com/ �
www.nemonano.com
Aurora grows on merger
US-based polymer compounder Aurora Plastics has merged with engineering compounds maker Enviroplas, also based in the US, as part of its plan to broaden its product platform. Under the deal, Enviro- plas founder and CEO Jim Stratman will remain a substantial shareholder and continue as president of Enviroplas, which will become the engineered polymers segment of Aurora Plastics. “We completed
extensive research of the market and growth opportunities prior to initiating this merger. Jim and his leadership team have dramatically acceler- ated the company’s growth by leveraging their deep industry knowledge, operating rigour, and results focus,” said Aurora CEO Darrell Hughes. �
www.auroraplastics.com �
www.enviroplas.com
www.compoundingworld.com
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