Sun European Partners, LLP (“Sun European Partners”), the European adviser to Sun Capital Partners, Inc., today announced that one of Sun European Partners’ affiliates has completed the acquisition of ELIX Polymers, S.L., a leading plastics business from Styrolution Group GmbH, the global market leader in styrenics.
About Sun European Partners
Sun European Partners, LLP is the European adviser to Sun Capital Partners, Inc., a leading U.S.-based private investment firm focused on leveraged buyouts, equity, debt, and other investments in market-leading companies that can benefit from its in-house operating professionals and experience. Affiliates of Sun Capital Partners, Inc. have invested in over 295 companies worldwide with combined sales in excess of $45 billion since the inception of Sun Capital Partners, Inc. in the U.S. in 1995. Sun Capital Partners, Inc. has offices in Boca Raton, Los Angeles, New York and London as well as affiliates in Frankfurt, Paris, Luxembourg, Shanghai and Shenzhen.
For more information, please visit www.SunEuropeanPartners.com
Styrolution is the leading global styrenics supplier with a focus on styrene monomer, polystyrene, copolymers, and ABS. As a joint venture of BASF and INEOS, Styrolution combines the key styrenics assets of two of the biggest chemical companies in the world – with more than 70 years of experience, complementary competencies and portfolios. Styrolution strives to serve the success of its customers by offering them the best possible solution, designed to give them a competitive edge in their markets. The company provides styrenics applications for many everyday products across a broad range of industries, including automotive, electrical/electronics, building and construction, household appliances, toys/sports/leisure, packaging, healthcare and diagnostics. In 2010, pro forma combined sales were at 6.4 billion euros, resulting in an EBITDA before exceptionals of 407 million euros. Styrolution employs about 3,400 people and operates 17 production sites in ten countries.
For more information visit www.styrolution.com
For Sun European Partners enquiries:
Fergus Wheeler / Marc Cohen / Josie Corbett
Phone: +44 20 7831 3113
For STYROLUTION enquiries:
Jeremy Whittaker Global Manager Public Relations
Phone: +49 69 5095501025
Mobile: +49 15256401099