Teknor Apex buys compounder Viking Polymers

By Frank Esposito
Senior Staff Reporter

Published: February 3, 2014 10:23 am ET
Updated: February 6, 2014 1:09 pm ET

Image By: Teknor Apex Louis Cappucci

Related to this story

Topics Materials, Mergers & Acquisitions, Materials Suppliers

Materials maker Teknor Apex Co. has expanded its PVC compounding business by acquiring Viking Polymers LLC for an undisclosed price.

Viking operates a 50 million pound-capacity compounding plant at its headquarters site in Jamestown, N.C. Pawtucket, R.I.-based Teknor Apex is buying Viking from John Ammondson, who founded the firm in 1994.

Viking employs about 75 and makes custom PVC compounds - with a focus on chlorinated PVC – as well as acrylic-based materials. Its materials are sold into rigid PVC applications in the building and construction market and elsewhere.

In a Feb. 3 news release, Teknor Apex Vice President Louis Cappucci said that acquiring Viking "adds substantially to our rigid PVC capabilities and represents a natural extension of our product portfolio into weatherable capstocks, CPVC compounds, and other specialties for the fast-growing building and construction market."

According to Teknor Apex officials, chief applications for CPVC include hot and cold potable water systems and industrial piping. Viking's PVC, ASA, acrylic and alloys are custom formulated for applications such as house siding, windows, decks, railings, rainwater systems, and fences.

In the release, Ammondson said that weatherable compounds developed by Viking "make possible dark and wood-toned colors that withstand prolonged outdoor exposure." Ammondson will remain with Teknor for a year as a consultant.

Cappucci said in a Feb. 5 phone interview that Teknor and Viking didn’t compete much against each other, with the exception of a few accounts. He added that Viking’s product mix is split roughly evenly between CPVC, PVC and acrylic-based products.

The deal is the first for Teknor since 2010, when it bought the Sarlink-brand thermoplastic vulcanizate business from Royal DSM NV. Cappucci said that Teknor may continue to look for further acquisitions. He added that Teknor also will look at making Viking products at some existing Teknor plants.

Teknor Apex ranks as one of North America's 30 largest compounders and concentrate makers, according to a Plastics News estimate, with annual sales of more than $600 million.

Cary Street Partners LLC represented Viking in the deal.

 


Comments

Teknor Apex buys compounder Viking Polymers

By Frank Esposito
Senior Staff Reporter

Published: February 3, 2014 10:23 am ET
Updated: February 6, 2014 1:09 pm ET

Post Your Comments


Back to story


More stories

Image

Wright Plastic Products buys Tennessee auto supplier Hope Industries

March 4, 2015 3:51 pm ET

Michigan custom injection molder Wright Plastic Products Co. LLC has acquired Tennessee-based automotive supplier Hope Industries Inc., the companies ...    More

Image

Best Places To Work: No. 6, Colors For Plastics

March 4, 2015 12:35 pm ET

Colors For Plastics, which now employs 115 people, started with one man who handled everything.    More

Image

Ineos to combine ABS unit with Styrolution in Americas

March 4, 2015 10:03 am ET

Global materials firm Ineos Group will combine its ABS resin business with its Styrolution unit in the Americas.    More

Image

Obituary: Guido Ghisolfi, PET company executive

March 4, 2015 9:47 am ET

Guido Ghisolfi — a top executive with global PET resin leader Mossi & Ghisolfi Group — has died from an apparent suicide.    More

Image

Bayer to stop MDI production in Brazil

March 4, 2015 9:21 am ET

Bayer AG's Bayer MaterialScience plans to stop production of MDI polyurethane at its plant near Rio de Janeiro in July, removing 55 metric tons per ye...    More

Market Reports

Flexible Packaging Trends in North America

North America represents about 30 percent of the global consumption of flexible packaging. Annual growth in this region is forecast at 4 percent during the next 5 years.

For more insight on growth opportunities, drivers of growth and the outlook for 2015, download this report.

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

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

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

More Events