Deceuninck: Acquisition of Thyssen Polymer
Deceuninck, the Belgian PVC window profile company, is to acquire rival Thyssen Polymer, the extrusion business unit of Thyssen Krupp Technologies. The deal, for an undisclosed sum, will give Deceuninck global market leadership in the sector. It currently claims number three slot, with Thyssen Polymer at number five in both Europe and the US. Thyssen Polymer has a total extrusion capacity of 86,000tpa and is active in injection moulding, tool construction, lamination and compounding. It employs 650 people in Germany and a further 250 elsewhere.
Deceuninck is an integrated worldwide player from compounding through development and extrusion to recycling of PVC windows and employs more than 1,750 people. According to Deceuninck, consolidation of the enlarged group will begin in June after the anti-trust review is completed. Based on 2002 figures, the new unit will have a combined turnover of E549m, of which Deceuninck will contribute 66%.