CLEVELAND— M.A. Hanna Co. has purchased a Norwegian plastic compounder and a line of compounds from a Danish firm, the company announced April 10.
Financial terms were not provided.
Hanna bought Oslo, Norway-based Enviro Care Compounds in late March and completed the purchase earlier this month of a family of polypropylene compounds manufactured for the telecommunications industry from Borealis A/S in Copenhagen, Denmark.
``I would not classify it as one of our larger purchases,'' said spokeswoman Susan Engelhart.
ECC makes halogen-free, flame-retardant compounds for the wire and cable market. The company was formed five years ago by former DuPont Co. employees who develop and market the materials, but subcontract production, Engelhart said.
Borealis produces compounds for insulation and jacketing applications in telecommunications. Borealis officials could not be reached for comment.
``These acquisitions are a good strategic fit because they broaden our product portfolio in one of our key markets,'' Garth Henry, Hanna vice president of international operations, said in a prepared statement. He noted that Hanna previously did not make halogen-free compounds.