Plastics Capital Acquires Sarnatech BNL (Pic)

Plastics Capital Ltd. (UK, privately held) has acquired Sarnatech BNL from the Sarna Group (UK). Founded in 2002 as a holding company, Plastics Capital has grown by acquiring several specialty industrial product manufacturers. The company said its objective is to, "buy good businesses with proprietary products and a market leading position, and to develop them further." Parent company, Sarna Polymer Holdings (Switzerland), put Sarnatech BNL up for sale this past March 2005, part of its effort to divest nonstrategic business units to focus on its Sarnafil polymer sheeting business. Today, even as it announces the BNL divestiture, Sarna Polymer Holdings is being acquired by Sika (Switzerland), which also produces polymer membrane and sheeting products.