OBO-Werke acquires Huntsman's European tooling board, paste business

Germany-based tooling materials specialist OBO-Werke is acquiring production assets and licenses to produce and sell Huntsman Advanced Materials' Renshape and Renpaste products in Europe.

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OBO-Werke (Stadthagen, Germany), a tooling materials specialist, reported on May 8 that it has taken another step in its growth by way of an acquisition and a distribution agreement. OBO is taking over the European tooling board and tooling paste materials business from its long term partner Huntsman Advanced Materials (The Woodlands, Texas, USA). Specifically, OBO is acquiring production assets and licences to produce and sell Huntsman Advanced Materials' Renshape and Renpaste products in Europe used in model construction, toolmaking and mold production. Furthermore, OBO has been appointed as Huntsman Advanced Materials’ master distributor for the distribution of its full range of tooling liquids in almost all European markets.

Commenting on the announcement, OBO's managing director Kurt Hüther says, “This transaction demonstrates our commitment to serve our clients in the tooling market based on the best available solutions. With the new range of products based on polyurethane and epoxy resins added to our current portfolio, we are becoming a full-range provider for prototyping and moldmaking in Europe. With Huntsman as our long-term partner we can leverage our strength focussing on this niche market. Hence, we will continue to concentrate on service orientation and high flexibility in the best interest of our clients.”

For Huntsman, European marketing director Gino Ceccopieri adds, “Our agreement with OBO enables us to show one face to the European tooling market. Together, we are going to be able to provide distributors and customers a comprehensive portfolio of offerings in the European tooling market, which presents an excellent opportunity to restore growth in this business through our close collaboration and partnership.”