For an undisclosed sum, Renolit (Worms / Germany; www.renolit.com) is acquiring Draka Polymer Films (Enkhuizen / The Netherlands; www.drakapolymerfilms.com), which is a producer of PVC film for the office supplies business that belongs to parent company Vulcalux Nederland (Hoofdorp / The Netherlands). Closing of the transaction is scheduled for the end of 2018, after which the longstanding facility in Enkhuizen is to be modernised, said Axel Bruder, the Renolit board member in charge.

The German company is successfully positioned in this market with its "Renolit Profession" product line. The two organisations will continue to operate independently of each other while anti-trust approval is pending.

Falling demand and increasing competition from outside Europe have put Draka Polymer Films "in a difficult entrepreneurial position," said Vulcalux Nederland managing director Rubens Leite. "The owners have thus decided to sell the company."

Renolit is the right partner for continuing and expanding the office supply films business. Vulcalux will be focusing on the production of films for technical applications at its two existing facilities in France – Alkor Draka Industries and Alkor Draka Medical – Leite continued.

In 2006, following the acquisition of Solvay's industrial films business, Renolit had to part with the former Alkor Draka plants in France and the Netherlands as this was a condition imposed by the EU. These were acquired by Vulcan Material Plastico (Rio de Janeiro / Brazil; www.vulcan.com.br), which then sold its shares to private investors in 2009 – see Plasteurope.com of 12.09.2007.

The name Draka derives from "Hollandsche Draad- en Kabelfabriek", which was founded in Amsterdam in 1910. Film calendering has been conducted since 1965 at the Enkhuizen plant, which was opened in 1956. In 1979, Solvay acquired a major portion of the Draka business, which it subsequently merged with the activities of the German Alkor company.