Ticona seeks partner to develop Ceramer
FRANKFURT, GERMANY — European engineering resin producer Ticona GmbH is seeking a long-term partner to develop Ceramer, its high-performance polyphenylene sulfone resin.
``This material is a Ticona research product that has been developed to market maturity,'' the company announced. ``However, its application area does not match Ticona's core business, so the company is seeking partners who would be interested in the long-term future of the product.''
The material has applications in the polymer and coatings industry, and as a semifinished product, according to Frankfurt-based Ticona. It is used as an additive in fluoropolymers for automotive cables, and in seals, bearings and coatings for household appliances, where it adds wear resistance.
Potential new applications include using the high-temperature material as a stand-alone or as an additive in other performance resins like polyaryletherketone and polyimide.
Managers buy Kelch Aluminum Molds unit
CEDARBURG, WIS. — Two Kelch Corp. managers finalized the purchase of the firm's Aluminum Molds division Sept. 29.
Tom Wachs, former Kelch vice president of administration, and Sandy Scaccia, former general manager of the division, paid an undisclosed combination of cash and stock for the Aluminum Molds division. When officials revealed an agreement in principle in summer, they estimated the purchase price at about $3.2 million.
The division has a facility in Cedarburg separate from Kelch's headquarters plant there and a facility in Middlefield, Ohio. It supplies cast aluminum tooling to the rotational molding industry.
Kelch plans to focus on its injection molding and proprietary products businesses.
Chemical Group Inc. represents Chemson
PHILADELPHIA — Chemical Group Inc. has become the exclusive representative in North America for Chemson's lead stabilizers for PVC.
Chemical Group of Philadelphia sold a minority interest in its business to Chemson as part of the agreement. Chemson, based in Austria, is part of Dynamit Nobel AG.
Chemical Group produces and distributes metallic stearates, lead stabilizers, mixed-metal stabilizers and flame retardants to the wire and cable and flooring markets. Its annual sales exceed $10 million.
Chemson's stabilizers are focused on rigid extrusion and cables. Its products include single-pack calcium/zinc stabilizers as substitutes for lead stabilizers in cables, window profiles and pipes. Its annual sales are about $170.5 million. Chemson has plants in Austria, the United Kingdom, Australia and Brazil.
Chroma Corp. of McHenry, Ill., is offering finance and leasing programs for its Composite Mold Technology rotational molding machines, related software and equipment.