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TEKNOR APEX SELLS UK ETP ASSETS TO PETLON POLYMERS AND AFFIRMS COMMITMENT TO NYLON AND TPE BUSINESSES IN EUROPE

William J. Murray

Deal with Petlon Involves a Small Portion of Teknor Apex’s Nylon Business; Teknor Apex Will Continue to Supply Nylon Compounds throughout the World under the Chemlon® Brand

PAWTUCKET, RI, U.S.A., August 4, 2015: In a deal expected to be finalized by the end of September, Teknor Apex Company has sold its Beetle® product brand, certain manufacturing assets, and related customer lists to UK-based Petlon Polymers Ltd.

The sale follows a fire on April 29 that devastated a Teknor Apex compounding facility at Oldbury, UK which produced engineering thermoplastics (ETPs) and thermoplastic elastomers (TPEs).

“While Teknor Apex is well positioned to supply nylon and TPEs in Europe and throughout the world, we determined that we could not serve some ETP accounts at a level of service that their business required,” said William J. Murray, president of Teknor Apex. “The accounts that we are relinquishing represent a small portion of our worldwide nylon business and include some engineering-grade PET business as well as nylon.”

Teknor Apex will continue to produce nylon compounds in the United States and Singapore under the Chemlon® brand and supply them worldwide. This month Teknor Apex introduced Chemlon 109 HBK778, a nylon molding compound with outstanding low-temperature toughness, in the Americas, Europe, and Asia.

Mr. Murray also affirmed the strong commitment of Teknor Apex to the European market for TPEs. “Long-term our plan is to manufacture styrenic TPEs and Chemlon brand nylon in our own facility in Europe,” he said. “We will continue to manufacture TPV compounds at a facility in Genk, Belgium and distribute our styrenic TPE materials from that same location.”

The Teknor Apex sales office in Geleen, The Netherlands, continues to be the hub of support for the TPE business in the region.

Information about Petlon Polymers is available at http://petlonpolymers.co.uk/index.php/en/.

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About Teknor Apex. Teknor Apex Company, a privately held firm founded in 1924, is one of the world’s leading custom compounders of plastics. Teknor Apex produces flexible and rigid vinyl, thermoplastic elastomers, nylons, toll and specialty compounds, color masterbatches, specialty chemicals, bioplastics and hoses. The company is headquartered in Pawtucket, RI, U.S.A. and operates thirteen facilities worldwide in the United States, the Netherlands, the United Kingdom, China and Singapore. To learn more visit: www.teknorapex.com.