The company has acquired a 40-acre rookery recycling facility near Fareham.
DOMO Engineered Materials and RadiciGroup’s High-Performance Polymers and Speciality Chemicals businesses will operate under the RadiciGroup name.
The move strengthens the company’s competitiveness in the mobility industry.
The move allows Encyclis to operate the Rookery South, Newhurst, Protos and Walsall facilities as a single integrated fleet.
Located in Kikinda, the new manufacturing site will shorten lead times and enhance supply reliability for the European and American markets.
The facility will strengthen Goodfellow’s micro-machining and advanced materials capability in the US.
The facility has an annual capacity to process 15,000 tons of plastic waste.
The move brings the company’s injection moulding solutions closer to its customers in North America.
The move should promote the company’s next period of growth.
The Group will strengthen HEXPOL’s wire and cable offering.
This move will expand the company’s presence in North America while also expanding its portfolio of solutions.
NexPoint offers a broad portfolio of trusted engineering thermoplastics, including LEXAN PC, CYCOLAC ABS and VALOX PBT resins and blends.
