TCR Plastics announces the takeover of Brasplast Europe B.V.

With this acquisition, being part of the TCR2020 business development plan, TCR Plastics will strengthen its position in the European plastics industry. In the years ahead the European polymer market will be subjected to radical changes resulting from imbalances between worldwide supply and demand. Polyethylene expansions from 2016-2020 in the USA, based on the feedstock from shale gas/oil as well as Middle East, will mark a new era for the world-wide polymer market in general and Europe in particular. In order to meet these changes and to strategically align with existing and new long term suppliers TCR Plastics will continue to expand the company’s activities in the future. The announced acquisition of Brasplast Europe B.V. is a first step in TCR’s long-term plan.

Brasplast Europe B.V. formed in 2002 and specialized in distribution primarily in the Benelux as well as active in overseas markets, will become a valuable asset to the company.

Gert Struijk, CEO TCR Plastics: “the future of European Polymer Distribution looks very promising. We are confident that with the acquisition of Brasplast Europe B.V. we are now even more prepared to meet the wishes and demands of our existing and future partners.”