DuPont announced yesterday that it has acquired Retrim, a laminated safety-glass company, with plant operations in Zlin, Czech Republic. Financial terms were not disclosed.
DuPont will acquire the complete Retrim business, including 50 employees and proprietary technology that allows the re-use of polyvinyl butyral (PVB) trim materials produced during the manufacture of automotive and architectural laminated glass.
‘This acquisition is consistent with the company’s stated goal of increasing its presence in growing markets,’ said Craig F. Binetti, vice president and general manager – DuPont Packaging & Industrial Polymers.
‘Adding a safety-glass interlayer manufacturing plant and PVB expertise in the Czech Republic bolsters DuPont presence in central and eastern Europe so we can be a preferred supplier and innovator in those markets,’ added Binetti.
Binetti said DuPont anticipated a smooth transition of ownership with no supply or other interruptions for existing Retrim customers. He said PVB products from the Czech plant will continue to be marketed using the Czechtrim brand.