The Germany-based Röchling-Group has acquired two UK CNC machining companies, Fibracon Twin Ltd. and Insoll Components Ltd.
Fibracon Twin Ltd. is a specialist manufacturer of polytetrafluoroethylene (PTFE) components, compression molded PTFE stock shapes and CNC machined components made from high performance plastics such as polyetheretherketone (PEEK).
Insoll Components Ltd. is specialized in machining small components with high performance plastics include PTFE, PEEK and polyoxymethylene (POM).
Both companies will work closely together with Röchling Engineering Plastics (UK) Ltd. The management of Fibracon and Insoll will be taken over by Rüdiger Keinberger, Director of the Röchling Business Unit Machined Components, and Mike Knowles, Managing Director of Röchling Engineering Plastics (UK) Ltd. The previous owners will work on as an advisory role.
Ludger Bartels, CEO of the Röchling Group, Mannheim, said, “Fibracon and Insoll will benefit from the close cooperation within the network of 60 locations and more than 8,000 employees which form a large network of plastic processing companies worldwide.”
He said the acquisition will strengthen Röchling’s position in the strategic key markets of aerospace, medical engineering, oil & gas and at the same time extends its portfolio of semi-finished and machined plastics products by the addition of PTFE to its portfolio.