King & Wood Mallesons (KWM) has advised the US-based company Teknor Apex on the acquisition of the German Plastic-Technologie-Service group (PTS).

Teknor Apex founded in 1924 is a privately held company headquartered in Rhode Island, USA. The international custom compounder of advanced polymer materials manufactures predominately in the U.S. as well as Singapore, China and Belgium. 

PTS is a German-based custom compounder of thermoplastic elastomers (TPEs) and engineering thermoplastics (ETPs) with diverse product portfolios.

With the acquisition of the PTS-portfolio Teknor Apex achieves to gain further unique complementary technologies and its second manufacturing site in Europe.

Uwe Stenglin, the founder of PTS, will remain in his position as managing director.

Advisors of Teknor Apex:
King & Wood Mallesons, Germany

Corporate/M&A:

* Dr Christoph Brenner (lead partner), Thomas Pauls (partner), Bernhard Schmaderer, Adrian Dengler, Dr Markus Schmid (all associates, all Munich)

Employment:

* Barbara Geck (partner), Franziska Fiedler (associate, both Frankfurt)

Banking and Finance:

* Ulf Gosejacob (counsel), Dr Markus Nielsen (associate, both Frankfurt)

IP/IT:

* Dr Axel Walz (partner), Massimo Bellitto-Grillo (managing associate, both Munich)

Real Estate:

* Dr Florian Biesalski (counsel, Frankfurt/Munich)