Teknor Apex sells ETP assets to Petlon Polymers

Teknor Apex Company has sold its Beetle product brand, certain manufacturing assets, and related customer lists to UK-based Petlon Polymers Ltd. in a deal that will take effect end-September.

The sale follows a fire on April 29 that devastated a Teknor Apex compounding facility at Oldbury, UK which produced engineering thermoplastics (ETPs) and thermoplastic elastomers (TPEs).

Teknor Apex will continue to produce nylon compounds in the United States and Singapore under the Chemlon brand and supply them worldwide. This month Teknor Apex introduced Chemlon 109 HBK778, a nylon molding compound with outstanding low-temperature toughness, in the Americas, Europe, and Asia.

Teknor Apex affirms strong commitment to the European market for TPEs with long-term plan involving the manufacture of styrenic TPEs and Chemlon brand nylon in its own facility in Europe.  The Teknor Apex sales office in Geleen, The Netherlands, continues to be the hub of support for the TPE business in the region.