Lenzing Plastics GmbH subsidiary has acquired the majority of the assets of Lexington, S.C.-based
monofilament plastics manufacturer Glassmaster in a Chapter 11 bankruptcy sale. Lenzing Plastics
will continue to operate the company, renamed Hahl Inc., with a downsized workforce
Hahl, which produces cut plastic filaments for brushes, bristles and fabrics used in
industrial and commercial applications, will become the headquarters of Lenzing Plastics’ US
business. Lenzing expects to realize sales of US$7 million to US$8 million in the United States,
Europe and Asia.
“The acquisition of Glassmaster is another building block in Lenzing Plastics’ expansion
strategy,” said Thomas Fahnemann, chairman of The Lenzing Group’s Management Board. “The product
portfolio of Glassmaster is the optimum extension of our recent takeover of the Hahl Group, whose
emphasis is on the production of industrial synthetic brushes as well.”
Lenzing Plastics acquired the Germany-based Hahl Group GmbH earlier this year with the goal
of improving its competitive position in the plastics niche products sector. Subsequently, it also
acquired Pedex + Co. GmbH — a Germany-based special filaments producer serving cosmetics, hygiene,
industrial, domestic and professional markets — in a further move to enhance that position.
June 12, 2007