Acquires Czech Republic PVB Company
Based in Wilmington,
Del., DuPont has announced the acquisition of Retrim, a safety glass
interlayer company located in the Czech Republic. Terms of the acquisition
were not disclosed. DuPont said Czech Republic regulatory approval
was received in January.
Through the acquisition, DuPont will acquire the entire Retrim business,
including more than 50 employees, as well as proprietary technology
that allows for the re-use of PVB trim materials produced when manufacturing
both architectural and automotive laminated glass.
"This acquisition is consistent with the company's stated goal
of increasing its presence in growing markets. And, it helps DuPont
offer improved efficiency and value-adding services to customers,"
said Craig F. Binetti, vice president and general manager of DuPont
Packaging & Industrial Polymers. "Adding a safety glass
interlayer manufacturing plant and PVB expertise in the Czech Republic
bolsters DuPont's presence in Central and Eastern Europe so we can
be a preferred supplier and innovator in those markets."
According to Binetti, PVB products produced at the Czech plant will
continue to be marketed under the Czechtrim® brand.
"Acquiring Retrim also underlies [our] commitment to environmentally
responsible manufacturing," Binetti added. "The acquisition
will allow DuPont to make the best use of available techniques for
using recycled PVB in making high-quality interlayers for use in