Simona buys Laminations Inc. to increase capacity, product offerings

By Michael Lauzon
Correspondent

Published: January 10, 2014 3:20 pm ET
Updated: January 10, 2014 3:27 pm ET

Related to this story

Topics Mergers & Acquisitions, Furniture, Marine, Recreational/sporting goods, Signage & displays

Simona AG's North American unit has expanded its thermoplastic sheet business with the recent acquisition of Laminations Inc.

Laminations Inc. of Archibald, Pa., produces high density polyethylene and fluoropolymer sheets and a range of lining laminates. Its key markets for the polyolefin sheets are outdoor recreation, signage, furniture and marine, while its fluoropolymer products and laminates are prominent in chemical processing equipment.

The deal broadens Hazelton, Pa.-based Simona America Inc.'s production technologies and boosts capacity, which will allow it to capitalize on growth in North America, said President Michael Schmitz in a Jan. 10 news release.

Simona America produces polyolefin and PVC sheet, and solid rod. It also markets products made by other members of the Simona Group such as compression molded sheet, hollow rod, welding rod and pipe and fittings. Resins in the Simona product lines besides polyolefins and PVC include fluoropolymers, chlorinated PVC, ethylene vinyl alcohol and PETG.

Laminations' expertise includes unique color technologies for HDPE. Its Lamcon brand of high performance sheet encompasses flame-retarded polypropylene, fluoropolymers, chlorinated fluoropolymer and a proprietary grade of PVC. Major uses of the high performance sheet are in semiconductor and chemical processing equipment.

Its products complement Simona America's portfolio, the company said. The combined product lines make it a market leader for semi-finished plastic products in the semiconductor and chemical process industries.

For Laminations Inc., the deal adds value to its existing network of distributors, said President and CEO Michael Lynch.

Simona America's parent, Simona AG, reported sales of 218 million euros ($289.9 million) for the first nine months of 2013, down 4 percent from a year earlier. The Kim, Germany, company employs 1,200 globally and has annual production capacity of more than 220 million pounds.


Comments

Simona buys Laminations Inc. to increase capacity, product offerings

By Michael Lauzon
Correspondent

Published: January 10, 2014 3:20 pm ET
Updated: January 10, 2014 3:27 pm ET

Post Your Comments


Back to story


More stories

Image

Contigo, Avex buy lets Newell Rubbermaid leapfrog new bottle development

July 22, 2014 4:11 pm ET

Newell Rubbermaid Inc. is ready to accelerate its move into the reusable water bottle business with the purchase of two on-the-go drinkware brands.    More

Image

Newell Rubbermaid to acquire Contigo brand

July 21, 2014 5:00 pm ET

Consumer products company Newell Rubbermaid Inc. has signed an agreement to acquire Ignite Holdings LLC, owner of the Contigo and Avex brands of...    More

Image

Huhtamäki to evaluate its films business

July 21, 2014 9:52 am ET

Finland-based plastics packaging group, Huhtamäki Oyj, has announced that it is evaluating its options regarding its films business, due to its...    More

Image

Thermoforming Technology Group adds Lyle Industries to its portfolio

July 18, 2014 2:48 pm ET

Thermoforming Technology Group LLC has expanded its thermoforming equipment presence with the acquisition of Lyle Industries Inc.    More

Image

Polynt, CCP create composite resins giant

July 18, 2014 10:13 am ET

France's Total SA has agreed to sell CCP Composites to Polynt Group SpA, based in Italy, for an undisclosed price.    More

Market Reports

Injection Molders Market Report & Ranking 2014

This special package contains our 132-page 2014 Market Report on the Injection Molding segment and our exclusive 2014 RANKINGS database of 500+ Injection Molders for a discounted package price.

Learn more

Plastics Recycling Market Review & Outlook 2014

This special report from Plastics News examines the North American plastics recycling industry and provides insight into indicators that impact market viability, including Resin pricing trends for virgin and recycled market material and historical Resin production trends for post- consumer and industrial waste.

Learn more

Shale Gas Market - Analysis of North American Region

This report highlights the impact of shale-based natural gas on the North American plastics market and features an in-depth analysis of production trends in the United States during 2013 and a forecast for 2014 and beyond.

Learn more

Upcoming Plastics News Events

September 10, 2014 - September 12, 2014Plastics Caps & Closures 2014

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

More Events