What Korrels does

Korrels BV is a privately held, family-owned Dutch materials specialist founded in 2003 and headquartered in Wapenveld, Netherlands. The company develops and produces custom thermoplastic elastomer (TPE, TPV, TPU, TPO, SBS, SEBS) and engineering polymer (PA6, PA66, PP, ABS, PC, blends) compounds, organized under the 4KFLEX®, 4KTEC®, ECOmpounds®, and Renewable product lines. Its core technology is twin-screw extrusion compounding with underwater granulation, combined with an active upcycling process that re-engineers recycled and bio-based feedstocks into materials meeting near-prime quality specifications, with documented recycled content up to 95–98% and CO2 reductions of several tens of percent.

Korrels operates a sales-led, consultative go-to-market model in which technical advisory and material problem-solving are embedded in the sales motion. The company sells both custom-developed compounds (to-order, quote-based pricing) and standard polymers from stock (25 kg to full truckloads, 48-hour delivery) to plastics processors and extruders across the Benelux. It also distributes COIM (Italy) biobased TPU products in the Benelux market. Revenue streams include custom compound manufacturing, standard materials distribution, recycled compound sales, and technical advisory/LCA consulting services.

The company serves a diversified set of verticals — automotive, construction, packaging, white goods/consumer electronics, medical/healthcare, and consumer goods — with named customers including Vacu Vin, DFNS, Brandloyalty, Model Engineering, and hospital-sector partners, alongside circular-economy supply chain collaborations with ARN and Elsinga for diaper-waste upcycling. Korrels holds ISO 9001, ISO 14001 (TÜV), ISCC mass balance, and EcoVadis Silver certifications, and is led by CEO Antoine Sonnega with a small management team.

Name

Korrels

Legal name

Korrels BV

Website

https://korrels.nl

Company type

Private

Founded year

2003

Operating status

Operating

Headcount range

11–50 employees

Short description

Korrels BV is a Dutch family-owned materials specialist that develops custom thermoplastic elastomer, engineering polymer, and recycled/bio-based compounds for plastics processors and extruders across the Benelux automotive, consumer goods, medical, and construction sectors.

Ownership category

akta.pro rank

Product category

Polymer Compounding (Specialty Plastics)

NAICS

Plastics and Rubber Products Manufacturing (326), Plastics Materials and Basic Forms and Shapes Merchant Wholesalers (424610)

SIC

Plastic Materials, Synth Resins & Nonvulcan Elastomers (2821), Miscellaneous Plastics Products (3080)

akta.pro primary industry

Thermoplastic Elastomer (TPE/TPU/TPV) Compounds (IMANABAC)

akta.pro secondary industries

Thermoplastic Elastomer (TPE/TPV) Compounding (IMANAJAC), Commodity Plastic Compounds (PE/PP/PS/PVC) (IMANABAA)

Keywords

• Elastomer compounds
• Engineering polymers
• Recycled compounds
• Biobased materials
• Custom compounding

Headquarters

HQ city

Wapenveld

HQ country

Netherlands

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Personnel, Technology or R&D, Marketing or Sales

Revenue model

1. Custom Compound Manufacturing: Korrels develops and produces customer-specific compounds (granules) for the plastics processing industry. Compounds are developed to customer specifications, produced to order, and include both elastomers (4KFLEX line) and engineering compounds (4KTEC line). Revenue is generated from the sale of these custom-formulated materials, with pricing influenced by raw material costs, formulation complexity, and order volume.
2. Standard Materials Distribution: Through its distribution arm, Korrels supplies a broad range of standard polymers and compounds from stock, including PA, ABS, PS, EVA, PC, POM, PP, PE, and blends. Orders range from 25 kg to full trucks. This provides recurring transaction revenue from repeat purchases of standard materials.
3. ECOmpounds Recycled Compounds: Sale of recycled and upcycled compound products under the ECOmpounds brand. Includes regranulated materials from customer waste streams, post-consumer recycled (PCR) materials, and post-industrial recycled (PIR) materials, as well as compounds containing renewable/bio-based feedstocks. Revenue from material sales with environmental compliance benefits for customers.
4. Technical Advisory and Consulting: Korrels acts as a knowledge partner, providing technical advice on material selection, problem-solving for production issues (e.g., impact strength, surface quality, cycle time optimization), and LCA/CO2 footprint consulting services. While embedded in the sales motion, these advisory services represent a distinct value-add revenue driver.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels6 records

Core offering

Korrels BV manufactures and supplies custom-formulated and standard thermoplastic elastomer (TPE/TPV/TPU/TPO/SBS/SEBS), engineering polymer (PA6, PA66, PP, ABS, PC, PBT, blends), and recycled/bio-based plastic compounds for plastics processors, injection molders, and extruders. The company operates its own compounding line (twin-screw extrusion, underwater granulation) and delivers materials from 25 kg to full truckloads with 48-hour delivery on stock items, complemented by technical advisory and Life Cycle Assessment (LCA) services.

Product overview

Korrels BV is a materials specialist offering a comprehensive portfolio of thermoplastic elastomers, engineering polymers, and recycled compounds. The product portfolio is organized into four main lines: 4KFLEX® (thermoplastic elastomers including SBS, SEBS, TPV, TPO, and TPU compounds for injection molding and extrusion), 4KTEC® (engineering compounds and polymers including PA6, PA66, PP-H, PP-C, ABS, and custom blends), ECOmpounds® (circular compounds based on recycled PCR/PIR and/or renewable bio-based feedstock through active upcycling), and Renewable Materials (bio-based alternatives with direct CO2 reduction impact). Supporting sub-products include modifiers for impact and process enhancement, 2K application compounds for multi-material bonding, and specialized material grades. Services include Life Cycle Assessment (LCA) calculations and expert material consulting. The company delivers both custom-made and standard solutions, serving industries including automotive, construction, packaging, white goods, and consumer electronics.

Differentiator

Problem solved

Functional benefit

Products and services

• 4KFLEX® Elastomer Compounds Custom-developed thermoplastic elastomer compounds (SBS, SEBS, TPV, TPO, TPU) for injection molding and extrusion applications, available in Shore A20 to D72 hardness with modifier options for impact, moisture resistance, scratch resistance, and mold release, plus 2K (multi-substrate bonding) grades.
• 4KTEC® Engineering Compounds Custom and standard engineering polymer compounds including PA6, PA66, PP-H, PP-C, ABS, and blends (e.g., PC/ABS, ABS/PA), available with glass fiber (GF), talc (TF), flame retardant (FR), UV/light-stabilized, hydrolysis-stabilized, laser-marking, and electrically conductive (ESD) grades.
• ECOmpounds® Recycled Compounds High-performance compounds based on Post Consumer Recycled (PCR) and/or Post Industrial Recycled (PIR) materials, technically upgraded and re-stabilized via active upcycling to achieve quality equivalent to prime materials. Contain up to 95% recycled or renewable content and are drop-in compatible with existing extrusion and injection molding lines without mold or machine setting changes.
• Renewable / Bio-based Compounds Plastics and compounds produced from renewable or bio-based raw materials (plant-based residual streams) where fossil components are partially or fully replaced. ISCC-certified with mass balance traceability. CO2 reductions of several tens of percent achievable without compromising performance or processability.
• Life Cycle Assessment (LCA) and CO2 Footprint Calculations Detailed Life Cycle Analysis (LCA) and CO2 footprint calculations covering prime and Korrels compounds, including Scope 3 emissions inputs and practical CO2 reduction strategy recommendations for customers. TÜV auditor noted this level of detail has not been observed in other companies.
• Material Consulting / Technical Advisory Expert advice on material selection, formulation troubleshooting (impact strength, surface quality, cycle time optimization), and sustainable material alternatives, delivered by Korrels' materials specialists as part of the consultative sales motion.
• Standard Polymer Distribution (PA, ABS, PS, EVA, PC, POM, PP, PE, blends) Distribution of a broad range of standard polymers and compounds (PA, ABS, PS, EVA, PC, POM, PP, PE, blends) from the company's own stock. Order quantities from 25 kg to full trucks with 48-hour standard delivery. Also serves as Benelux distributor for COIM (Italy) including LARIPUR RS biobased TPU products.

Quantifiable outcome

• CO2 reductions of up to several tens of percent achievable with renewable materials
• +5 more outcomes

Named customers8 records

Segments7 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature8 records

Partnerships

Twelve partnerships are on record, tiered minor and core.

• Conformiso BVminorImplementation/ SI/ Consulting Partner · 7 October 2024Conformiso BV – Organizing Standardization provided valuable support to Korrels in obtaining ISO 14001 certification, assisting with the standardization and compliance process.
• Vacu VincoreStrategic or Co-development Partner · 8 August 2024Korrels supplied ECOmpounds recycled material with 98% Post Consumer Recycled ABS content for Vacu Vin's Wine Saver Loop product. Korrels was selected for providing the highest PCR content available in light-colored compounds, in custom colors (Jade, Sand, Graphite, Terra). The partnership also included Smit Plastic for injection molding. The circular project was completed from concept to retail within the agreed timeline.
• Smit PlasticminorImplementation/ SI/ Consulting Partner · 8 August 2024Injection molding partner for the Vacu Vin Wine Saver Loop project. Based in Tiel, Netherlands. Smit Plastic has been a trusted manufacturing partner of Vacu Vin for many years, producing various plastic components.
• DFNScoreStrategic or Co-development Partner · 23 November 2022Korrels developed a TPE ECOmpound containing at least 25% Nike Grind recycled sneaker material for DFNS crease guards — inserts that prevent sneaker toe creasing and extend shoe lifespan. The project involved close collaboration between the product owner (DFNS), designer (Marcel van Galen Design), injection molder (Injection Point BV), and Korrels as material specialist.
• Injection Point BVminorImplementation/ SI/ Consulting Partner · 23 November 2022Injection Point BV (Moergestel, Netherlands) is a plastics injection molder with strong focus on circularity. Collaborated with Korrels on the DFNS project. Identified that Nike Grind material required upgrading before injection molding, which led to the partnership with Korrels.
• Marcel van Galen DesignminorStrategic or Co-development Partner · 23 November 2022Design agency that designed the DFNS crease guard product. Also previously collaborated with Korrels on the Gripz product (handles for doors and shopping carts during COVID-19), for which Korrels developed a custom recycled material.
• ARN (Afvalenergiecentrale)coreStrategic or Co-development Partner · 6 October 2022ARN (Afvalenergiecentrale) processes diaper waste using thermal pressure hydrolysis (TDH method) at their facility, producing plastic agglomerates from the collected diapers. Korrels takes these agglomerates and upcycles them into compounds for sedum roof crates, grind mats, and other applications. ARN processes 15,000 tons of diapers annually as the first in the Netherlands to do so.
• ElsingA Beleidsplanning & InnovatiecoreStrategic or Co-development Partner · 6 October 2022Ingenieursbureau Elsinga developed the innovative thermal pressure hydrolysis method for processing diaper waste into recyclable plastic fractions. Partnered with ARN for scale-up to industrial level. Korrels participates in the downstream processing of the resulting plastic agglomerates.
• Model Engineering (Pieter van Nimwegen)minorImplementation/ SI/ Consulting Partner · 20 May 2022Model Engineering (Den Haag, Netherlands) is the injection molder that produces surgical instrument holders from Korrels' upcycled TPE compounds derived from hospital waste polypropylene drapes.
• BrandloyaltycoreStrategic or Co-development Partner · 20 November 2021Korrels upcycled approximately 800,000 Stikeez figurines (~5,000 kg of SBS material) from a Brandloyalty loyalty marketing program into a near-prime quality compound used for loop bike tire production. The partnership demonstrates circular economy application of post-consumer collected items from loyalty programs.
• Larcom (Social Workplace)minorOthers · 20 November 2021Social workplace that depackaged Stikeez figurines from their foil packaging for Brandloyalty. Korrels coordinated this partnership as part of the circular upcycling chain — figures separated from foil, foil recycled, box sent to paper recycling.
• COIM (Italy)minorChannel Partner/ Reseller/ Distributor · 20 August 2021Korrels serves as the Benelux distributor for COIM, an Italian specialty chemicals company. Korrels distributes COIM's LARIPUR RS biobased TPU products (with 40-60% biobased content) and other TPU product lines in the Benelux market.

Scale indicators7 records

Recent moves6 records

Expansion highlights6 records

Broad incumbents

• Avient Corporation: Large US-listed specialty polymer company offering specialty engineered materials, color and additive masterbatches, and sustainable solutions (including PCR/recycled grades). Overlaps broadly with Korrels' portfolio but at much greater scale and across a wider product range.
• Borealis AG: Austrian-headquartered polyolefin producer with the Borcycle portfolio of circular polyolefins. Overlaps with Korrels' ECOmpounds and Renewable positioning in recycled-content PP/PE compounds but operates at vastly greater scale and across a full polyolefin value chain.

Direct peers

• Domo Chemicals: Belgium-based integrated polyamide 6 producer and compounder (DOMAMID, ECONAMID recycled grades). Geographic neighbor to Korrels with directly overlapping engineering polymers portfolio, including sustainable/recycled compounds.
• ALBIS Plastic GmbH: German technical polymer distributor and compounder (recycled/PCR grades). Closely mirrors Korrels' combined model of standard-polymer distribution plus custom compounding, with a strong sustainability/recycled-content portfolio.
• HEXPOL TPE: Sweden-based global TPE compounder under the HEXPOL group. Direct competitor to Korrels' 4KFLEX line, serving automotive, consumer, and industrial markets with custom elastomer compounds.
• Teknor Apex Company: US-based specialty compounder of vinyl, TPE, and engineering thermoplastics serving automotive, consumer, and industrial customers. Directly comparable to Korrels in custom elastomer and polymer compounding at scale.
• RTP Company: US-headquartered global custom engineered thermoplastics compounder (engineering resins, TPE, color masterbatch). Comparable to Korrels' 4KTEC and 4KFLEX in custom compounding, specialization, and customer-segment focus.
• Radici Group (RadiciPlastics): Italian-headquartered engineering plastics compounder (PA, POM, PBT, recycled grades under Renycle brand). Comparable to Korrels' 4KTEC and ECOmpounds lines in product technology and sustainability positioning.
• KRAIBURG TPE GmbH & Co. KG: German-headquartered global leader in thermoplastic elastomer (TPE) compounding. Directly comparable to Korrels' 4KFLEX line in product technology (SBS, SEBS, TPV, TPU compounds), end markets, and custom formulation approach.
• AKRO-PLASTIC GmbH: German specialty compounder of engineering plastics (PA, PP, PBT, PC) and reinforced grades. Closely comparable to Korrels' 4KTEC line in product mix, customer base (injection molders, automotive, industrial), and custom compounding go-to-market.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/KORRELSBV
• Facebookfacebook.com/KORRELSBV
• LinkedInlinkedin.com/company/korrels-bv

Compliance5 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Korrels