Americhem buys Infinity Compounding

By Frank Esposito
Senior Staff Reporter

Published: January 3, 2013 6:00 am ET

Related to this story

Topics Materials, Mergers & Acquisitions, Suppliers

CUYAHOGA FALLS, OHIO (Updated Jan. 4, 12:10 p.m. ET) — Color and additive concentrates maker Americhem Inc. has acquired Infinity Compounding LLC, a producer of filled and reinforced engineering resin compounds based in Swedesboro, N.J.

No purchase price was disclosed in the acquisition, which closed Dec. 28.

For both Infinity and Cuyahoga Falls, Ohio-based Americhem, the purchase broadens the technology base, opens new markets and expands geographical reach, said Americhem CEO Rick Juve.

Infinity “has a great management team and equipment similar to ours — the difference is in their products and applications and markets,” Juve said in a Jan. 4 telephone interview.

Markets served by Infinity include medical, electrical/electronics and business machines. The firm will continue to operate independently under existing management, including President Carlos Carreno, who — along with sales and marketing vice president Tim Carroll — founded Infinity in 2005.

Carreno and Carroll owned a majority of the firm, with five employees owning smaller stakes.

As part of Americhem, Infinity will be able to offer new products and technologies, including color capabilities, Carreno said.

The deal with Americhem “happened pretty quickly,” Carreno added in a Jan. 4 phone interview. The two sides began talking in late October and Americhem “came up with the right offer at the right time, and the fit was right for us,” he said.

Becoming part of Americhem “gives us global reach and makes us a bigger player,” Carreno added.

Juve said Infinity compounds could be made at Americhem’s plant in China. That’s important to Infinity, Carreno said, because the firm currently exports about 30 percent of its production to customers in that country.

Infinity compounds also might be made at Americhem’s plant in Liberty,N.C.,  Juve added.

During 2012, Infinity added its fifth production line — a twin-screw extruder — and added six jobs. The firm now employs 35 and has annual production capacity of about 7 million pounds. Sales for 2012 were between $10 million and $20 million, and were up more than 25 percent vs. 2011. A sixth extrusion line should be installed in Swedesboro in the second half of 2013.

Officials previously said Infinity has room for two more production lines at its plant in Swedesboro. Infinity’s product mix includes reinforced, internally lubricated and electrically active compounds based on nylon and polycarbonate, as well as on more- specialized engineering resins such as polysulfone and polyetheretherketone.

Americhem ranks as one of North America’s 30 largest compounders and concentrate makers. In 2012, the firm struck a distribution deal for flame retardants in Western Europe with FRX Polymers and commercialized a new line of black concentrates.

Americhem also in 2012 introduced four new color families for 2013 and 2014 and installed a new production line at its plant in Mansfield, Texas.

The acquisition is Americhem’s first since 2005, when it bought materials firm Color & Additive Technologies Inc. of Dalton, Ga. Americhem employs about 500 and operates seven plants worldwide.

“We’ve been looking for acquisitions and will continue to do so,” Americhem’s Juve said.


Comments

Americhem buys Infinity Compounding

By Frank Esposito
Senior Staff Reporter

Published: January 3, 2013 6:00 am ET

Post Your Comments


Back to story


More stories

Image

Acquisition expands Rieke Packaging's stake in Asia

July 28, 2014 4:39 pm ET

Diversified rigid packaging components producer Rieke Packaging Systems now has a bigger footprint in Asia.    More

Image

Two medical device makers add specialty products through acquisitions

July 28, 2014 3:02 pm ET

The medical merger mania continues this summer as two more medical device manufacturers are swallowed up by bigger competitors.    More

Image

Deal combines US packaging thermoformers

July 28, 2014 12:42 pm ET

Thermoformed medical packager Nelipak Corp. is expanding its North American holdings and access to the U.S. health care market with the purchase of...    More

Image

Formosa to be compensated for Vietnam riot

July 28, 2014 1:44 pm ET

Taiwan's Formosa Plastics Group will receive $2.39 million from the Vietnamese government and insurance companies for damages suffered during the...    More

Image

Ukraine's Group DF may be forced to sell Crimea-based additives plant

July 28, 2014 10:12 am ET

Group DF, the industrial business of Ukrainian tycoon Dmitry Firtash, may be forced to sell off Eastern Europe's biggest producer of titanium oxide, C...    More

Market Reports

Plastics Recyclers Data Report & Directory

This exclusive MS Excel database contains all the companies from Plastics News' ranking of top North American Recyclers and Brokers by reprocessed volume and also includes a directory with materials processes, services offered and company contact information. Data is based on primary research by PN editorial staff.

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

Shale Gas Market - Analysis of North American Region

This report highlights the impact of shale-based natural gas on the North American plastics market and features an in-depth analysis of production trends in the United States during 2013 and a forecast for 2014 and beyond.

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