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

Nova expanding PE research center

August 26, 2014 1:36 pm ET

Nova Chemicals Corp. has broken ground on an expansion of its polyethylene research center in Calgary, Alberta.    More

Image

Sinopec licenses PP technology to USA, posts half-year results

August 26, 2014 11:46 am ET

China's state-owned petrochemical giant Sinopec Corp. said it is licensing polypropylene polymerization technology to a U.S. plant for the first time ...    More

Image

Megadyne buying Belt Corp. of America

August 26, 2014 10:35 am ET

In a move aimed at building its specialty belting manufacturing and fabrication operations, Jason Industrial Inc. — Megadyne SpA's wholly owned ...    More

Image

Sonoco buys Germany's Weidenhammer, plans for thin-walled packaging growth

August 25, 2014 1:41 pm ET

Sonoco Products Co.'s acquisition of Weidenhammer Packaging Group GmbH of Germany includes plastic packaging technology that the company is targeting ...    More

Image

Deceuninck buys PVC window maker Pimas, adds capacity in Turkey, Russia

August 25, 2014 2:26 pm ET

European building products manufacturer Deceuninck Group has acquired 81.2 percent of Pimas Plastik Insaat Malzemeleri AS, the leading PVC window prof...    More

Market Reports

Thermoformed Packaging 2014 Market Review & Outlook North America

This in-depth report analyzes economic and market trends, legislative/regulatory activity impacting supply and demand, business opportunities and threats, materials pricing, manufacturing technology, as well as growth strategies being implemented by thermoformed packaging companies.

Learn more

Pipe, Profile & Tubing Extrusion in North America 2014

U.S. demand for extruded plastics is expected to grow by 3 percent in 2014, with PVC remaining the largest segment.

Plastic pipe will post the strongest gains through 2018, continuing to take market share from competing materials in a range of markets.

Our latest market report provides in-depth analysis of current trends and their financial impact on the pipe, profile and tubing extrusion industry in North America.

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

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