The Compound acquires Exxelor resin business from ExxonMobil

The Compound, a Netherlands-based developer and manufacturer of plastic compounds, has acquired the Exxelor polymer resin production site, product range and customer base from ExxonMobil's Esso Deutschland in Cologne, Germany
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The acquisition will increase The Compound's global capacity to approximately 70,000 tonnes/year and significantly expand the group's reach in new markets
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Exxelor polymers are chemically modified polyolefin and elastomer-based resins used to enhance the properties of engineering thermoplastics and other polymers
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As impact modifiers, they increase the toughness of the compound
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As compatibilizers, coupling agents, and adhesion promoters, they improve the adhesion of non-polar polymers to polyolefins, fillers and reinforcements, as well as metals, thermoset rubbers, and most polar substrates, including fiberglass strength
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Frans Haafkens, a major shareholder in The Compounding, said: "We are very pleased to welcome Exxelor's manufacturing strength and investment portfolio to our organization
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This acquisition not only further expands our capabilities, but ideally complements our existing Yparex (Malaysia) anhydride-(MAH)-functionalized polyolefins) extrudable adhesives and EcoForte (polyolefins) family of compounds
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This gives us great synergies that can further expand our customer base and lead to further growth in electric vehicles, etc.
Several emerging areas offer new opportunities
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"

Wouter van den Berg, Commercial Director of Exxelor, added: “While Exxelor’s traditional application areas are different from Yparex or EcoForte, it will benefit from the sales support of our experienced commercial team
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Our strategy is to use these well-performing resins as Leverage to expand into a wider market
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Both the production base and the brand will be retained, and we will ensure that the integration of the Exxelor business is as smooth as possible without any major changes to customers
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”