We are pleased to announce that, as of January 6, 2017, we have sold LM Skumplast A/S to Tinby A/S in Søndersø, Funen – a company that is part of the publicly listed group SP Group A/S.
The sale is aimed at strengthening our position in the market, and both my colleagues and I are pleased that we are now becoming part of a strong group within the plastics industry.
All employees, including myself as CEO, will continue with the company, which, in connection with the acquisition, will change its name to Tinby Skumplast A/S.
At the same time, the CEO of Tinby A/S has joined as the chairman of the board of Tinby Skumplast A/S.
Our activities will continue with unchanged strength from the headquarters and production halls on Industrivej in Tjæreborg.
Tinby Skumplast A/S will thus continue to supply polyurethane-based boards and profiles with high insulation properties to customers in the refrigeration and transport industries, as well as the construction industry, from our production halls in Tjæreborg.
We look forward to combining our extensive experience in polyurethane-based foam boards with Tinby A/S's 45 years of know-how in the development, production, and sales of PUR products worldwide. The synergy effect is obvious, and we are excited to strengthen our competitiveness together and create an even stronger position in the market for both us and our customers.
We look forward to continuing the collaboration with our customers.
Best regards
Tinby Skumplast A/S
Kim Hansen
CEO (Chief Executive Officer)
About Tinby A/S | Tinby A/S has been delivering complete polyurethane solutions to customers worldwide for nearly 45 years. With 250 employees in Denmark, the USA, China, and Poland, Tinby A/S primarily serves four segments: Cabinets, Flex, Greentech, and Design. Tinby A/S strives to optimize and maintain long-term collaboration with its customers to ensure high-quality solutions tailored to each client, and the company is willing to take responsibility for large parts of the value chain – from idea, design, and development to production, refinement, and distribution.
Additional information about Tinby: www.tinby.dk
About SP Group A/SSP Group manufactures molded plastic components and performs surface coatings on plastic and metal parts. SP Group is a leading supplier of plastic-processed components to Danish industry, with increasing exports and growing production from its own factories in Denmark, Sweden, Poland, Latvia, Slovakia, China, the USA, and Brazil. The company also has sales subsidiaries in Sweden, Norway, the Netherlands, and Canada. SP Group is listed on NASDAQ Copenhagen and, after the third quarter of 2016, employed an average of 1,592 people and had around 1,250 registered shareholders.
Additional information about SP Group A/S: www.sp-group.dk
