Plastics processor Maywo Kunststoff was acquired by Röchling Engineering Plastics of Germany, for an undisclosed sum.
Germany-based Maywo extrudes single and multi-layer sheets and films of ABS and polystyrene for use in thermoforming applications, according to Plastics News.
Its customers use the material to manufacture vacuum formed parts for various industries, which include electronics, machinery construction, special vehicle construction, among others.
Maywo, which currently employs 85 personnel, will become part of Röchling’s High Performance Plastics business unit.
The acquisition is said to bolster Röchling’s range of semi-finished product offerings, while Maywo will benefit, as its prospects will get a shot in the arm with the development of materials and technologies, an increased product range.