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Headquartered near Frankfurt, Germany, LS has a factory in Wertheim and Neuhaus with approximately 220 employees, mainly produced from high temperature resin for automotive and medical applications. And high precision parts for industrial equipment.
In the automotive parts industry, LS's products include high-performance components for steering, chassis and powertrain components. Saint-Gobain said that the acquisition of LS will benefit its high-performance plastics division to expand its business in the European market, and neither company has announced the price of the transaction.
The acquisition of LS is the third acquisition by Saint-Gobain Group this year. The group announced last month that it plans to implement a series of small and medium-sized M&A transactions between 2013 and 2018, with a total value expected to reach US$5.4 billion. .
Abstract Saint-Gobain Performance Plastics has announced that it has completed the acquisition of German injection molded parts manufacturer LSKunststofftechnologie (hereinafter referred to as LS). LS is headquartered in Frankfurt, Germany (Frankfu...
Saint-Gobain Performance Plastics has announced that it has completed the acquisition of German injection molded parts manufacturer LS Kunststofftechnologie (hereinafter referred to as LS).