Lemgo, Germany -- Stockmeier Urethanes GmbH & Co. KG has bought Greenfield Polymers Ltd (GPL), a company located in Sowerby Bridge, UK.
Part of the German Stockmeier Group, Stockmeier Urethanes has been developing elastomers, adhesives and sealants for the polyurethane industry since 1991.
GPL is active in the fields of electronics grade potting compounds and electrical encapsulants as well as adhesives and sealants for numerous industry sectors, Stockmeier said in a 9 June announcement. Operating in England, Wales, Scotland and Ireland, GPL also has sales and distribution in Scandinavia, the Middle East, North America and China.
"Not only do we extend our product portfolio in an excellent manner through the acquisition, but we also gain better access to markets and regions, in which we are underrepresented in the respective products," commented Stefan Baumann, ceo of Stockmeier Urethanes.
The sons of the former owners, who both have already actively managed GPL for many years, will remain with the company, Stockmeier said in the statement.