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
Companies & Associations

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

Reifenhäuser acquires German spinneret company Enka Tecnica

April 17, 2015 9:31 am ET

Germany-based Reifenhäuser GmbH & Co. KG, a major manufacturer of extrusion equipment, has announced that it is acquiring Enka Tecnica GmbH, a German ...    More

Image

Spain's Grupo Antolin to buy Magna's interiors business

April 16, 2015 12:33 pm ET

Spain's Grupo Antolin has reached an agreement to purchase Canadian auto supply giant Magna International Inc.'s interiors unit in a deal valued at...    More

Image

Madison buys Ferry Industries

April 16, 2015 5:22 pm ET

Ferry Industries, the largest manufacturer of rotational molding machinery, was purchased by Madison Industries, a Chicago holding company that is...    More

Image

Caplugs gets new private equity owner

April 16, 2015 11:17 am ET

Caplugs, a major producer of caps, plugs, tubing, netting and other protective goods for industry, has a new owner.    More

Image

A. Schulman, Citadel discuss the $800 million deal

April 15, 2015 1:45 pm ET

The $800 million match of materials maker A. Schulman Inc. and Citadel Plastics felt good from the start. “Everything in our first meetings show...    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

Injection Molding Market Analysis & Processor Rankings

Plastics News BUNDLED package contains our in-depth Market Analysis of the Injection Molding segment. You will gain keen insight on current trends and our economic outlook.

As a BONUS this includes PN's updated 2014 database of North American Injection Molders RANKED by sales volume. Sort, merge, mail & prospect by end market, materials processed, region, # of plants and more.

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

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

September 15, 2015 - September 17, 2015Plastics Caps & Closures - September 2015

More Events