Techmer PM buys compounder TP Composites

By Frank Esposito
Senior Staff Reporter

Published: July 1, 2013 5:05 pm ET
Updated: July 1, 2013 5:11 pm ET

Image By: Techmer PM John Manuck, chairman and CEO of Techmer PM

Related to this story

Topics Materials, Mergers & Acquisitions, Materials Suppliers

Materials maker Techmer PM has purchased compounder TP Composites Inc. of Aston, Pa.

No purchase price was disclosed in a July 1 news release from Clinton, Tenn.-based Techmer. In the release, Techmer Chairman and CEO John Manuck said that TP "is a great fit for our engineering compounds business."

Techmer will operate TP as part of its Techmer Engineered Solutions unit. Manuck added that TP "brings an array of complementary product and talented personnel to our existing TES group."

All TP personnel are expected to remain with Techmer and continue to work out of the Aston location. In the release, TP President Ron Taylor said that "the alignment between the two companies' core philosophies will enable TP team members to integrate quickly and seamlessly."

TP operates almost 40,000 square feet of production, warehousing and office space in Aston. The firm invested $1.3 million in improvements in 2011, including the installation of two new extrusion lines.

TP — which employs about 50 — was founded in 1994 and makes filled, impact-modified and colored compounds based on a wide variety of thermoplastics. Its compounds are sold into military applications, business machines, transportation and other markets.

For Techmer, the deal is its first major move since buying out Lehmann & Voss & Co. KG's 40 percent stake in the Techmer Lehvoss Compounds LLC joint venture late last year. That business now operates as TES.

Techmer officials previously said sales for 2013 are expected to top $200 million. The firm employs more than 500 at six U.S. manufacturing sites, producing a wide variety of compounds and color and additive concentrates.

Techmer ranks as one of North America's 30 largest compounders and concentrate makers, according to a Plastics News estimate.


Comments

Techmer PM buys compounder TP Composites

By Frank Esposito
Senior Staff Reporter

Published: July 1, 2013 5:05 pm ET
Updated: July 1, 2013 5:11 pm ET

Post Your Comments


Back to story


More stories

Image

Sabic: Rapid demand growth led to Ultem shortage

December 18, 2014 12:06 pm ET

Sabic Innovative Plastics has been increasing production capacity for its Ultem polyetherimide but it still got caught short by increasing demand for ...    More

Image

Amcor buys Chinese flexible packaging plant

December 18, 2014 1:47 pm ET

Australian-based global packaging company Amcor Ltd. is buying a Chinese flexible packaging business for 211 million RMB (US$31.4 million).    More

Image

Indian auto parts maker set to buy assets in Germany, Mexico

December 18, 2014 10:35 am ET

Indian auto parts maker Samvardhana Motherson Gropup is buying the assets of insolvent German plastics car parts producer Scherer & Trier (S&T).    More

Image

Sweden's Indutrade buys Belgian packaging firm Verbeek

December 18, 2014 9:42 am ET

Sweden's Indutrade AB has purchased all the shares in Belgium's Verbeeck Packaging Group.    More

Image

Röchling buys two UK firms

December 18, 2014 9:24 am ET

Germany's Röchling Engineering Plastics SE & Co. KG has expanded its presence in the high-performance plastics market by acquiring two British firms &...    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 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

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