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Biesterfeld buys rubber distributor in Germany

2:59 PM MST | January 14, 2013

Biesterfeld (Hamburg) has acquired all shares of Küttner (Speyer, Germany), with immediate effect. The acquisition is expected to help Biesterfeld Plastic, a Biesterfeld subsidiary, to expand its distribution business for thermoplastic elastomers, rubber, and rubber chemicals. The transaction reinforces the previously announced diversification of Biesterfeld Plastic, which was initiated in 2010 with the acquisition of rubber distributor SMPC (Cherisy, France), the company says. Küttner has sales of about €25 million/year ($33 million). Separately, Biesterfeld...

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