RheTech takes full ownership of RheTech Engineered Plastics

CRAIN'S DETROIT BUSINESS

Published: March 25, 2014 4:14 pm ET
Updated: March 25, 2014 4:18 pm ET

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Topics Polypropylene, Materials Suppliers

Whitmore Lake, Mich.-based RheTech Inc. announced that it completed an agreement to take full ownership of Blacksburg, S.C.-based RheTech Engineered Plastics.

Through the agreement, REP will become a wholly owned subsidiary of RheTech, which has been a majority partner in REP since 2012, according to a news release.

Financials of the agreement were not disclosed.

RheTech is a leading producer of reinforced polypropylene and color concentrates and additives for the automotive, truck, construction, electronics and consumer markets, and has three plants in Michigan and Ohio. REP produces a variety of engineered materials including prime, post-consumer and post-industrial nylon compounds.


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RheTech takes full ownership of RheTech Engineered Plastics

CRAIN'S DETROIT BUSINESS

Published: March 25, 2014 4:14 pm ET
Updated: March 25, 2014 4:18 pm ET

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