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Saint-Gobain Performance Plastics Acquires IFK Isofluor
March 1, 2008
1 Min Read
Saint-Gobain Performance Plastics (SGPPL; Aurora, OH) has acquired IFK Isofluor GmbH of Neuss, Germany, a privately owned manufacturer of fluoropolymer tubing. The agreement was signed in late December, but the specific terms were not disclosed.
IFK supplies Isofluor-brand products to global medical customers from two European locations. SGPPL plans to integrate the IFK business into its process systems business unit, which is part of the company's fluid systems division. The marketing of IFK and the Isofluor line of products will be consistent with past practices.
“IFK Isofluor is an excellent fit within Saint-Gobain Performance Plastics, and we are pleased to welcome them to our company,” says Tom Kinisky, president of SGPPL. “IFK has a strong brand identity and complements [our] products.”
SGPPL is part of Saint-Gobain, a producer of construction products, flat glass, and high-performance materials and packaging. Headquartered in Paris, Saint-Gobain had worldwide sales of more than $52 billion in 2006 and has more than 207,000 employees in 56 countries.
Copyright ©2008 Medical Device & Diagnostic Industry
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