TEIJIN
Acquisition of Continental Structural Plastics completed
Japanese plastics and fibres producer Teijin (Tokyo; www.teijin.com) has completed its USD 825m acquisition of composites specialist Continental Structural Plastics (CSP, Troy, Michigan / USA; www.cspplastics.com). The deal was originally announced in September 2016 – see Plasteurope.com of 20.09.2016.
CSP will operate as an independent unit under existing CEO Frank Macher. The purchase is expected to yield significant synergy effects, and the new owner has announced plans to increase CSP's activities in car body and structural parts, battery housings and pickup containers.
CSP will operate as an independent unit under existing CEO Frank Macher. The purchase is expected to yield significant synergy effects, and the new owner has announced plans to increase CSP's activities in car body and structural parts, battery housings and pickup containers.
10.01.2017 Plasteurope.com [235912-0]
Published on 10.01.2017
German version of this article...