GERMANY-based Biesterfeld Plastic has acquired all shares of Küttner, thus allowing it to expand its business for thermoplastic elastomers, rubber and rubber chemicals. In 2010, Biesterfeld Plastic purchased the French trading house SMPC, a distributor of rubber and additives, and this initiated the group’s diversification into a new independent business unit for rubber and additives.
“With the acquisition of Küttner GmbH, which also includes its Russian subsidiary OOO Küttner, Biesterfeld Plastic continues this path. Building on a long history of success in the polymer resin business, in recent years Biesterfeld Plastic GmbH has built a specialized rubber distribution structure across western Europe. Our new addition enables us to move further into the highly strategic markets of central and eastern Europe,” commented Carsten Harms, Managing Director of Biesterfeld Plastic.
Küttner has a turnover of approximately EUR25 million and 15 employees. Twelve of them are located in Römerberg/Speyer and three in Moscow. Among Küttner’s main suppliers are ExxonMobil Chemical as well as Cabot, which are also strategic suppliers for Biesterfeld.
Biesterfeld Plastic, a 100 % subsidiary company of Biesterfeld, is a leading distributor in the European plastics industry with long-standing sales partnerships in a total of 42 countries. Leading polymer producers such as DuPont, ExxonMobil Chemical, INEOS Olefins & Polymers Europe, BASF Polyurethanes, Solvay, Chevron Phillips, Styrolution, Chi Mei and LG Chem.(RJA)
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