Netherlands-based Polymount International, and tesa, based in Germany, have come to a conclusive agreement regarding the change of ownership of Polymount’s Twinlock product division.
‘We are delighted and proud to become part of such a prominent world-class company as tesa. This new partnership will provide us with an excellent opportunity to help further our plans to grow the Twinlock business globally,’ said Jan Willem Boers, CEO of Polymount.
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.’
The new combined infrastructure of Polymount’s Twinlock division and tesa will create opportunities for synergy and growth on a global scale.
The Twinlock division will be run by a management team comprising of members from both tesa and Polymount.
The Machine division, which manufactures the Polymount Plate Cleaner and Polymount Film Cleaner, will continue to operate as an independent production and development company, with its headquarters in the Netherlands.
