PARIS, December 4, 2013 /PRNewswire/ --
Saint-Gobain has finalized the acquisition of LS Kunststofftechnologie GmbH, a German manufacturer of high-performance polymer components for the automotive, medical and industrial markets.
Created in 1985, LS Kunststofftechnologie is headquartered in Wertheim, near Frankfurt. It has two production sites, one in Wertheim and the other in Neuhaus, near Erfurt, and more than 220 employees.
LS co-develops tailor-made solutions in response to its customers' specific requirements and has cutting-edge expertise in design, tooling, testing and the processing of high-temperature polymers. The addition of LS to Saint-Gobain Performance Plastics will help boost international sales of its products.
This acquisition is a perfect fit with the Group's strategy of strengthening its positions in high-performance and co-developed solutions.
Saint-Gobain, the world leader in habitat markets, designs, manufactures and distributes high-performance building materials, bringing innovative solutions to meet today's global challenges, including growth, energy and the environment. With 2012 sales of €43.2 billion, Saint-Gobain operates in 64 countries and has nearly 193,000 employees. A world leader in high-performance plastics, Saint-Gobain Performance Plastics is headquartered in Aurora, Ohio (US). The company employs nearly 5,200 employees in 17 countries. Its product offer includes films, foams, coated fabrics, bearings, seals and fluid systems. For more information, visit http://www.saint-gobain.com
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