The Compound Company (Enschede / The Netherlands; www.thecompoundcompany.com) has acquired a controlling stake in Transmare Compounding (Roermond / The Netherlands, www.transmarecompounding.com), with current shareholder Henk-Jan Aarsen retaining a minority stake. Transmare, which is under new management, will continue to operate as a stand-alone company but will receive technical and financial support from its new owner. Peter Wolf, former Transmare CEO and shareholder, has taken over the Roermond group’s trading arm Transmare Distribution (Rotterdam / The Netherlands; www.transmaretrading.com), which will continue to cooperate with Transmare Compounding as a partner.

The Enschede thermoplastic compounds and adhesive resins producer said the two market players “will work closely to achieve synergies through strengthened product development, coordinated sales and marketing and operational cooperation.” The combination with Transmare, said managing director Simon Put, will provide critical mass to the company’s portfolio and provide extra capacity for its custom compounding partners to help meet current demand.

Put said the share purchase is another building block in the Dutch compounder’s growth strategy following its expansion into Southeast Asia and the construction of an additional compounding plant in Enschede. Work on the new facility, which will double production capacity of the company’s “EcoForte” speciality compounds and “Yparex” extrudable adhesive resins to 60,000 t/y, was due to begin in December 2018 – see Plasteurope.com of 27.11.2018.