HAMBURG, Germany—Polymer distributor Biesterfeld A.G. has acquired all shares of Kuttner GmbH of Speyer, Germany, with immediate effect.
The transaction, which is still subject to regulatory approval, is intended to help Biesterfeld Plastic GmbH expand its business in rubber, rubber chemicals and thermoplastic elastomers.
Among Kuttner's main suppliers are ExxonMobil Chemical and Cabot, which are also strategic suppliers for Biesterfeld Plastic.