Simona: Take-over of German semi-finished plastics company

Simona has added to its semi-finished plastics business with the acquisition of Dehoplast in Germany. Deutsche Holzveredelung has sold its plastics business to Simona for an undisclosed amount, effective from 1 October. Deutsche Holzveredelung will retain operations in compressed laminated wood. Dehoplast manufactures and supplies pressed sheets, extruded sheets, solid rods, profiles and finished parts made principally of polyethylene and polypropylene. Its annual turnover is approximately €18m. Simona will take on all 100 staff members employed at Dehoplast’s two factories, located in Kirchhundem-Würdinghausen and in Hilchenbach-Lützel, Siegerland region. “As part of the takeover, the technical expertise associated with the various locations of Dehoplast and Simona is to be further extended within the framework of a new business location concept yet to be drawn up,” Simona said.

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