Polymount and tesa have come to a conclusive agreement regarding the change of ownership of Polymount’s Twinlock product division.
The new combined infrastructure of Polymount’s Twinlock division and tesa will create opportunities for synergy, with global growth opportunities also identified.
The Twinlock division will now be run by a management team that comprises members from both tesa and Polymount. This team will continue to lead the Twinlock product division.
The machine division of Polymount, which manufactures the Polymount plate cleaner and film cleaner, will continue to operate as an independent production and development company, with its headquarters in Nijkerk, the Netherlands.
Jan Willem Boers, CEO of Polymount, said tesa is very committed to expanding the usage of Twinlock sleeves worldwide.
‘We are delighted and proud to become part of such a prominent world-class company as tesa SE,’ continued Boers. ‘This new partnership will provide us with an excellent opportunity to help further our plans to grow the Twinlock business globally.
‘I am very confident in our (new) future.’
Dr Norman Goldberg, member of the tesa board for direct industries, added: ‘This strategic acquisition complements our current product range of Flexographic mounting solutions, and supports our commitment to provide outstanding products for the flexographic industry.’