PMC Group buys polymer stabilizer line from Arkema

By Frank Esposito
Senior Staff Reporter

Published: October 4, 2012 6:00 am ET

Related to this story

Topics Materials, Mergers & Acquisitions, Suppliers

MOUNT LAUREL, N.J. (Oct. 4, 1:45 p.m. ET) — Plastics and specialty chemicals maker PMC Group has purchased a line of polymer stabilizers, catalysts and fine chemicals from Arkema SA for an undisclosed price.

The deal includes organometallic materials based on organotin and organophosphine.

Mount Laurel, N.J.-based PMC is purchasing a plant making these products in Carrollton, Ky., and part of a plant in Mobile, Ala.

Arkema, based in Colombes, France, will continue to toll-produce some of the products for PMC at a plant in Vlissingen, the Netherlands.

PMC also will buy a plant making those materials in Beijing from Arkema in the first half of 2013., officials said in an Oct. 3 news release.

Sales of the materials included in the deal totaled about $250 million in 2011.

The deal “is another exciting step in the growth story of PMC,” President Debtosh Chakrabarti said in the release. “We are very encouraged to have Arkema’s organometallics team join the PMC Group family.”

The transaction is the first plastics-related materials deal for PMC since 2006, when it bought a line of polystyrene compounds from Nova Chemicals Corp.


Comments

PMC Group buys polymer stabilizer line from Arkema

By Frank Esposito
Senior Staff Reporter

Published: October 4, 2012 6:00 am ET

Post Your Comments


Back to story


More stories

Image

Ply Gem continues acquisition streak, buying Simonton for $130 million

August 20, 2014 2:33 pm ET

Building materials manufacturer Ply Gem Holdings Inc. will acquire Simonton Windows from Fortune Brands Home & Security in a $130 million deal that...    More

Image

Has the current M&A cycle peaked?

August 20, 2014 11:55 am ET

Plastics M&A veteran Thomas Blaige has called the peak of the current investment cycle.    More

Image

Automakers look under the hood for the next lightweighting opportunities

August 20, 2014 1:06 pm ET

The automotive industry's current favorite target for lightweighting efforts is the powertrain, according to a recent survey.    More

Image

Ohio molder sold to private equity firm

August 19, 2014 5:23 pm ET

Private equity firm TVV Capital of Nashville has acquired injection molder Design Molded Plastics Inc. for an undisclosed price.    More

Image

Pactiv selling building products unit to Ireland's Kingspan

August 19, 2014 3:54 pm ET

Irish building material manufacturer Kingspan Group plc is acquiring the insulation business of Lake Forest, Ill.-based Pactiv Building Products for $...    More

Market Reports

Thermoformed Packaging 2014 Market Review & Outlook North America

This in-depth report analyzes economic and market trends, legislative/regulatory activity impacting supply and demand, business opportunities and threats, materials pricing, manufacturing technology, as well as growth strategies being implemented by thermoformed packaging companies.

Learn more

Pipe, Profile & Tubing Extrusion in North America 2014

U.S. demand for extruded plastics is expected to grow by 3 percent in 2014, with PVC remaining the largest segment.

Plastic pipe will post the strongest gains through 2018, continuing to take market share from competing materials in a range of markets.

Our latest market report provides in-depth analysis of current trends and their financial impact on the pipe, profile and tubing extrusion industry in North America.

Learn more

2014 Injection Molding Industry Report

GROWTH, OPPORTUNITY IN SIGHT FOR INJECTION MOLDERS IN 2014

In the wake of the economic turbulence earlier in this decade, molders today find themselves in much better shape. Molders are gaining a competitive advantage by investing in people, equipment and seeking inroads into new markets on a global scale.

Growth in the injection molding industry is going to be driven by low financing costs and a continued move to reshore some business.

Learn more

Upcoming Plastics News Events

September 10, 2014 - September 12, 2014Plastics Caps & Closures 2014

January 14, 2015 - January 14, 2015Plastics in Automotive

February 4, 2015 - February 6, 2015Plastics News Executive Forum 2015

More Events