Argotec buys Stevens Urethane to broaden film portfolio

By Frank Antosiewicz
Correspondent

Published: May 2, 2014 2:04 pm ET
Updated: May 2, 2014 2:09 pm ET

Image By: Argotec LLC Argotec LLC has blown film extrusion for a variety of end markets.

Related to this story

Topics Mergers & Acquisitions, United States, Film & Sheet

Argotec LLC is broadening its thermoplastic polyurethane film and sheet portfolio with the purchase of Stevens Urethane of Easthampton, Mass.

“The two companies are an ideal fit. Our specialty is aliphatic polyurethane film and sheet. Stevens is very good at extruding aromatic TPU film and sheet,” said Guy Broadbent, Argotec’s president and CEO, in a news release.

For Argotec, it is the first major purchase since it was acquired by Chicago investment firm Wind Point Partners in partnership with Broadbent in June 2013.

Headquartered in Greenfield, Mass., Argotec makes film and sheet products internationally for optical interlayers, paint and surface protection, graphic films, medical and textile lamination.

Stevens, like its acquirer, makes TPU film and sheet, as well as urethane tubing, cord and profiles. It was a business unit of JPS Elastomers Corp., which is part of JPS Industries in Greenville, S.C.

JPS traces its roots back to 1863 when the Easthampton Rubber Thread Co. started to manufacture square-cut rubber thread for the textile industry.

Broadbent said many Stevens employees will continue with the company under Argotec’s ownership, which is planning for “continued plant expansion, organizational development, further improvements in product quality and the ongoing innovation that is demanded by the industries we serve.”

Stevens’ base of operations is in Easthampton, where it has 80 employees and it has competed in certain areas with Argotec. However, Argotec said the intent of the combination is to integrate the strengths of both companies and provide growth for a combined entity.

Argotech has 150 employees in three facilities in Greenfield. Its newest application is a two-part graphic film system that uses TPU film for graphics along with a clear over-laminate layer. The product is an alternative to cast vinyl films.


Comments

Argotec buys Stevens Urethane to broaden film portfolio

By Frank Antosiewicz
Correspondent

Published: May 2, 2014 2:04 pm ET
Updated: May 2, 2014 2:09 pm ET

Post Your Comments


Back to story


More stories

Image

Atkore expands in PVC conduit, buying American Pipe & Plastics

October 20, 2014 6:06 pm ET

Atkore International Inc. of Harvey, Ill., has acquired PVC conduit maker American Pipe & Plastics Inc. of Kirkwood, N.Y., which serves the...    More

Molder goes to auction block

October 17, 2014 12:17 pm ET

An Illinois custom injection molding operation will be auctioned off after its owner decided to close the business.    More

Image

Plastikon expanding in Kentucky

October 17, 2014 11:24 am ET

Automotive supplier Plastikon Industries Inc. plans to more than double the size of its production facility in Leitchfield, Ky.    More

Image

OnePlastics Group brand created to cover seven different plastics firms

October 17, 2014 9:48 am ET

A Dublin-based company is launching a new brand to unify its plastics businesses into a single entity called OnePlastics Group.    More

Image

PolyOne denies report it's bidding for Klöckner Pentaplast

October 16, 2014 11:44 am ET

UPDATED — Compounding leader PolyOne Corp. is denying a report that it bid as much as $2 billion for film and sheet major Klöckner Pentaplast Gr...    More

Market Reports

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 million dollar 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

Plastics Caps & Closures Market Report

The annual recap of top trends and future outlook for the plastics caps & closures market features interviews with industry thought leaders and Bill Wood’s economic forecast of trends in growing end markets. You will also gain insight on trends in caps design, materials, machinery, molds & tooling and reviews of mergers & acquisitions.

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

More Events