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
Companies & Associations

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

North American Pipe unit lab to focus on 'modern, innovative' formulations

March 31, 2015 3:25 pm ET

North American Specialty Products LLC — a unit of North American Pipe Corp. — has opened a new material science lab in Leola, Pa.    More

Image

Top suppliers of engineering polymers

March 31, 2015 12:16 pm ET

   More

Image

Polymer Additives, Lubrizol expansions win tax incentives

March 31, 2015 10:22 am ET

Proposed expansions by Polymer Additives Inc. in Cuyahoga County, Ohio, and Lubrizol Corp. in Lake County, Ohio, were among 12 projects statewide...    More

Image

BPF warns of materials shortages

March 31, 2015 10:11 am ET

The British Plastics Federation (BPF) has warned the whole plastics supply chain that plastics processors are currently facing shortages of certain ke...    More

Market Reports

Flexible Packaging Trends in North America

North America represents about 30 percent of the global consumption of flexible packaging. Annual growth in this region is forecast at 4 percent during the next 5 years.

For more insight on growth opportunities, drivers of growth and the outlook for 2015, download this report.

Learn more

Plastics Recycling Trends in North America

This report is a review and analysis of the North American Plastics Recycling Industry, including key trends and statistics based on 2013 performance. We examine market environment factors, regulatory issues, industry challenges, key drivers and emerging trends in post-consumer and post-industrial recycling.

Learn more

Plastics in Mexico - State of the Industry Report

This report analyzes the $20 billion plastics industry in Mexico including sales of machinery & equipment, resins and finished products.

Our analysts provide insight on business trends, foreign investment, top end markets and plastics processing activity. The report also provides important data on exports, production, employment and value of plastics products manufactured.

Learn more

Upcoming Plastics News Events

June 2, 2015 - June 3, 2015Plastics Financial Summit - Chicago 2015

September 16, 2015 - September 18, 2015Plastics Caps & Closures - September 2015

More Events