# BEWI acquires assets of insolvent Philippine TK for EPP component production

BEWI Group acquired assets related to the production of EPP-based components from insolvent Philippine & Co GmbH Technische Kunststoffe KG, including equipment, personnel, IP rights, and operations at the Schkopau site near Leipzig.

- Type: Acquisition
- Announced: 2024-09-01
- Where: Schkopau, near Leipzig, Germany
- Status: completed
- Products: EPP-based components
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md), [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md)

## Companies

- [Bewi](https://endata.com/companies/2598.md) (acquirer)
- [Philippine & Co GmbH Technische Kunststoffe KG](https://endata.com/companies/78563.md) (target)

## Sources

- [dlapiper.com](https://www.dlapiper.com/en/news/2024/09/dla-piper-advises-bewi-on-the-acquisition-of-assets-from-insolvent-philippine-tk), 2024-09-01: "BEWI is taking over certain equipment and personnel as well as IP rights and certificates, including the operations at the Schkopau site near Leipzig."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.