16 December 2005
16 December 2005
Fiberfil Engineered Plastics has acquired DSM’s North American polypropylene business, in conjunction with the manufacturing site in Stoney Creek, ON Canada.
Fiberfil Engineered Plastics Inc.’s acquisition of DSM’s polypropylene business will continue the 53-year legacy of the Fiberfil product line under the Fiberfil trademark. In addition, it will allow for the continued supply of the same products and services that the industry has come to expect from Fiberfil over the past 50+ years. Formerly known as Wilson – Fiberfil, the company was a pioneer in the growth of Engineered Thermoplastics throughout North America. Since 1952, the Fiberfil trademark has received global recognition in reinforced thermoplastics.
“The prospect of enhancing Fiberfil products in the market is a tremendous opportunity”, said John Wilkie, President and CEO of Fiberfil. “The history of Fiberfil has always been providing solutions through Creative Custom Compounds. We intend to resurrect the celebrated history of this world-renowned trademark”.
Fiberfil Engineered Plastics Inc. will focus on development and growth of new and existing compounded polypropylene, while maintaining superior Service and Customer Satisfaction.
A well-established manufacturer of value-added reinforced thermoplastics, Fiberfil is engaged in the production of multiple resin-grade reinforcing, coloring, and additive enhancing. All products are customized to meet Specific Customer applications, a position that enables Fiberfil to market products throughout North America. The company is dedicated to providing the highest quality workmanship, meeting the agreed delivery dates, and executing custom work exactly in accordance with the end-user specification.
“The sale of its polypropylene compound business is another step in DSM Engineering Plastics’ global strategy to focus on core thermoplastic resins, specifically nylon 6, nylon 46, copolyester elastomers, and specialized polyamide nylon 66 compounds,” said Auke Rottier, President of DSM Engineering Plastics (Americas). “We are excited about recent successes obtained with this strategy and the growing demand for our core resins. Backed with domestic nylon 6 polymerization capacity in Augusta, Georgia, we are preparing additional capacity for our Evansville, Indiana compounding operations to meet the increased demand for DSM products in the automotive industry.”
Concerning the Stoney Creek divestment Rottier commented, “We feel our current polypropylene customers will be best served because this sale places the business in the hands of a corporation that is dedicated to its development and growth.”
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