Product category:
Materials and components
News Release from: DuPont (UK)
Edited by the Engineeringtalk Editorial
Team on 24 February 2004
DuPont acquires Czech Republic PVB
business
DuPont has acquired Retrim, a safety-glass interlayer company, with plant operations in Zlin, Czech Republic.
DuPont has acquired Retrim, a safety-glass interlayer company, with plant operations in Zlin, Czech Republic The terms of the deal have not been disclosed
This article was originally published on Engineeringtalk on 15 Aug 2000 at 8.00am (UK)
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DuPont said Czech Republic government regulatory approval was received in January.
DuPont will acquire the complete Retrim business, including some 50 employees and proprietary technology allowing the re-use of polyvinyl butyral (PVB) trim materials produced during the manufacture of automotive and architectural laminated glass.
"This acquisition is consistent with the company's stated goal of increasing its presence in growing markets.
And, it helps DuPont offer improved efficiency and value-adding services to DuPont customers", said Craig F Binetti, Vice President and General Manager - DuPont Packaging and Industrial Polymers.
"Adding a safety-glass interlayer manufacturing plant and PVB expertise in the Czech Republic bolsters DuPont presence in central and eastern Europe so we can be a preferred supplier and innovator in those markets".
Binetti said DuPont expected a smooth transition of ownership with no supply or other interruptions for existing Retrim customers.
He said PVB products from the Czech plant will continue to be marketed using the Czechtrim brand.
"Acquiring Retrim also underlines the commitment of DuPont to environmentally responsible manufacturing", Binetti said.
"The acquisition will allow DuPont to make the best use of available techniques for using recycled PVB in making high-quality interlayers for use in safety glass".
In addition to its new Czech Republic facility, DuPont Glass Laminating Solutions manufactures Butacite and SentryGlas interlayers at sites in the USA, Korea and Germany.
Business sales are reported as part of the DuPont Performance Materials platform, with $5.3 billion in sales in 2003.
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