Resin distributor Osterman buys Costa Rica's Quimtec LP

By Frank Esposito
Senior Staff Reporter

Published: February 19, 2013 3:25 pm ET
Updated: February 19, 2013 3:28 pm ET

Related to this story

Topics Materials, Mergers & Acquisitions, Materials Suppliers

CHESHIRE, CONN. -- Resin distributor Osterman & Co. Inc. has acquired fellow distributor Quimtec LP of Costa Rica for an undisclosed price.

Quimtec distributes polyethylene and polypropylene resins throughout Central America for the Equistar unit of LyondellBasell Industries. Cheshire, Conn.-based Osterman will operate Quimtec as part of its Latin American Polymers Co. unit.

Osterman President John Dwyer said in a Feb. 15 news release that the acquisition "will solidify our position as a leading plastic resin distributor in the Americas."

"We are continuing to penetrate our other key strategic global markets as well as looking for acquisitions that complement our business," he added.

Osterman was founded in 1976 and distributes commodity and engineering resins for several suppliers, including Celanese Corp., Formosa Plastics Corp. USA, Nova Chemicals Corp. and Ineos Group.

Quimtec – based in San Jose, Costa Rica - was launched in 1989 by industry veteran Kevin Stolle, who is expected to remain with the firm.


Comments

Resin distributor Osterman buys Costa Rica's Quimtec LP

By Frank Esposito
Senior Staff Reporter

Published: February 19, 2013 3:25 pm ET
Updated: February 19, 2013 3:28 pm ET

Post Your Comments


Back to story


More stories

Image

Ferro sells another piece of its plastics business

December 19, 2014 3:33 pm ET

Ferro Corp. has sold its North American polymer additives business to a private equity firm for $154 million in cash.    More

Image

Alex Brands buys iconic Shrinky Dinks toys

December 19, 2014 3:15 pm ET

First Slinky, now Shrinky Dinks. What will toy and games investment firm Alex Brands buy next?    More

Image

Antimicrobial polymers firm TiFiber launching pilot production in Ark.

December 19, 2014 10:58 am ET

TiFiber Inc., which makes synthetic compounds to control dangerous microorganisms, will locate a pilot production facility and its future company...    More

Image

Patel named LyondellBasell CEO

December 19, 2014 9:56 am ET

Bhavesh V. “Bob” Patel has been named CEO of Houston-based polyolefins producer LyondellBasell Industries NV, effective Jan. 12.    More

Image

Momentive to get a new name in January

December 19, 2014 9:45 am ET

Momentive Specialty Chemicals Inc. will change its name to Hexion Inc., effective Jan. 15.    More

Market Reports

Flexible Packaging Trends in North America

Our latest RESEARCH report examines trends in FLEXIBLE PACKAGING impacting the North American market including a review of economic conditions, key drivers of growth, materials pricing, M&A activity, sustainability challenges and the outlook for 2015.

Learn more

Plastics in Brazil - State of the Industry Report

This in-depth report examines the Brazilian plastics industry from a historical and geographical context. Our analysts provide insight on economic trends and forecasts, growing manufacturing sectors that utilize plastics, private investment opportunities, market environment challenges, and innovations in R&D.

Data tables and charts on producer prices, trade, plastics production and end market indicators is also included.

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

Upcoming Plastics News Events

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

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

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

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

October 27, 2015 - October 29, 2015Plastics Financial Summit - New York - 2015

More Events