Biesterfeld AG has acquired all shares of Küttner GmbH, Römerberg / Speyer, Germany with immediate effect. This transaction will put Biesterfeld Plastic GmbH in a position to expand its business for thermoplastic elastomers, rubber and rubber chemicals.
In 2010 Biesterfeld Plastic GmbH purchased the French trading house SMPC S.A., Cherisy, the local market leader in distribution of rubber and additives. This addition 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 GmbH 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” comments Carsten Harms, Managing Director of Biesterfeld Plastic GmbH.
Küttner GmbH has a turnover of approximately 25 million Euro 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 Plastic GmbH.
With this acquisition Biesterfeld Plastic GmbH reinforces its previously announced diversification strategy which was initiated by buying SMPC. This expansion is strengthened by our clear strategy of maintaining a common product portfolio across our territories consisting of supply from global industry leaders.
Press_Release_Kuettner_FRENCH_01.pdf
Press_Release_Kuettner_ITALIAN_01.pdf
Press_Release_Kuettner_SPANISH_01.pdf
