ATC purchases site of its Houston plant

By Frank Esposito
Senior Staff Reporter

Published: February 22, 2013 2:03 pm ET
Updated: February 22, 2013 2:28 pm ET

INDIANAPOLIS -- Materials firm ATC Plastics LLC has bought its Houston plant site and building for an undisclosed price. The firm also soon will add a new concentrate production line.

Indianapolis-based ATC bought the 171,000-square-foot building in a deal that closed Dec. 31, co-owner Tom Stevning said in a Feb. 20 phone interview. The firm bought the site from the Heller family, which had owned ATC before selling the business to Stevning and co-owner Rich Mejia in early 2010.

Buying the building "allows us to do other things," Stevning said. "We can make some changes if we need to."

The new production line is expected to be in place by the end of the first quarter. It is needed because of increased demand for black color concentrates used in pipe, film, injection molding and other markets, according to Stevning. ATC also operates a smaller plant making flexible PVC compounds in Visalia, Calif.

ATC employs 25-30 in Houston, with that total expected to increase when the new line is in place. The firm generates most of its sales from proprietary products, with the remainder coming from tolling work.


Comments

ATC purchases site of its Houston plant

By Frank Esposito
Senior Staff Reporter

Published: February 22, 2013 2:03 pm ET
Updated: February 22, 2013 2:28 pm ET

Post Your Comments


Back to story

Market Reports

Plastics in Automotive: Innovation & Emerging Trends

This special report newly released by PN and sponsored by The Conair Group examines current trends in the use of plastics in automotive, materials innovations and the changing landscape. It includes a review of legislative/regulatory activity impacting vehicle development and lightweighting, market opportunities & challenges for mold and toolmakers, innovative design strategies being implemented by major OEMs and suppliers, as well as a review of key indicators in Canada, Mexico, Brazil and China.

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

Injection Molding Market Analysis & Processor Rankings

Plastics News BUNDLED package contains our in-depth Market Analysis of the Injection Molding segment. You will gain keen insight on current trends and our economic outlook.

As a BONUS this includes PN's updated 2014 database of North American Injection Molders RANKED by sales volume. Sort, merge, mail & prospect by end market, materials processed, region, # of plants and more.

Learn more

Upcoming Plastics News Events

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

More Events