DSM NV, the Dutch chemicals and plastics group, has expanded its U.S. capacity in engineering plastic shapes with the acquisition of Houston molder Alpha Precision Plastics Inc.
DSM subsidiary DSM Engineering Plastic Products BV of Brussels, Belgium, made the purchase, which DSM valued at below Alpha's annual sales of ``less than $10 million.''
Alpha, which employs 25, has compression and injection molded high-performance plastics for the past 10 years, according to a DSM news release.
Alpha has developed proprietary process technology for producing machinable rod, tube and plate from high-temperatureresistant and chemical-resistant materials, including a range of polyimides, according to DSM of Heerlen, the Netherlands.
Since 1994, DSM has been working jointly with Alpha on the development, production and marketing of advanced shapes for machining and fabrication. The cooperation took the form of short-term contracts between the two firms, according to a DSM spokesman in Heerlen.
Alpha's advanced materials and technologies offer DSM ``major new high-growth markets to our organization worldwide,'' said Jerry Thurston, president of DSM Engineering Plastic Products North America's shapes and parts business.
Following the deal, DSM Engineering Plastic Products will market Alpha products through its organization in Tielt, Belgium, and in Asia through joint ventures in Hong Kong, South Korea and Japan.
DSM Engineering Plastic Products already runs the production units of its U.S. subsidiaries Sheffield Plastics Inc., of Sheffield, Mass., and Polymer Corp. in Reading, Pa. In all it has 20 production sites.
Its DSM Engineering Plastics division manufactures stock shapes from materials including nylon, acetal, PET, ultrahigh-molecular-weight polyethylene, polyether-etherketone, polyvinylidene fluoride, polyetherimide, and poly-phenylene sulfide. It also makes polycarbonate sheet, modified-PET sheet and thermoplastic industrial hoses.