Business Strategy Ineos Styrolution Sells its Thermoplastic Composite Materials Business
Ineos Styrolution has sold its StyLight thermoplastic composite materials business to Ensinger. With this move, Ensinger intends to become one of the only manufacturers to offer the complete value chain of thermoplastic composite products.
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Frankfurt/Germany – Ensinger and Ineos Styrolution have recently announced that Ensinger has acquired the StyLight thermoplastic composite materials business of Ineos Styrolution. The acquisition adds an exclusive SAN based product range to Ensinger’s comprehensive thermoplastic composite portfolio. SAN based products bring many new thermoplastic composite possibilities to the market such as carbon, glass and natural (flax) based fibre products for aesthetic materials, semi structural, and over molding applications to name a few.
“The business continues in Ensinger’s experienced hands, serving the existing customer base and seeking future growth potential to enhance the Company’s current position in the international thermoplastic composites market”, says Daniel Grauer, International Business Development Manager, Ensinger Composites, who will be the primary contact for all sales and customer enquiries.
Ensinger has rebranded StyLight to its thermoplastic composite materials brand, to align seamlessly with its current product offerings to the international market.
“The addition of the Ineos Styrolution StyLight business is the next strategic building block in Ensinger’s journey to becoming one of the only manufacturers able to offer the complete value chain of thermoplastic composite products”, says Ralph Pernizsak, Managing Director, Ensinger Group.
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