Bioplastics compounder acquires WPC and sheet producer Naftex

Natural fibre and bioplastics compounder Biofibre (Altdorf / Germany; www.biofibre.de), a subsidiary of machinery manufacturer LWB-Steinl (Altdorf; www.lwb-steinl.com), has acquired 80% of wood plastic composite (WPC) producer Naftex (Wiesmoor / Germany; www.naftex.de). The companies did not provide any information on the purchase price. LWB-Steinl CEO Reinhard Danzer and Biofibre CEO Christoph Glammert are taking over management of Naftex, which will remain on the market under its name and with its existing products. The founding family will also remain active in the company.