Growth continues at Accel Color Corp., which recently purchased color compounder and concentrates maker Polytech Color & Compounding of Ontario, Calif.
Avon, Ohio-based Accel now plans to move Polytech from its 7,000-square-foot site to a 25,000-square-foot facility, also in Ontario. The move will include the addition of three twin-screw extrusion lines to Polytech's existing two. The site's workforce also will expand to 15 from 10.
No purchase price was disclosed in the deal, which was announced two months after Accel opened a plant in Knoxville, Tenn., in September. Accel now has plants in Ontario, Knoxville, Avon, and Naperville, Ill.
Polytech - with annual sales of $1 million - produces color and additive masterbatches, precolor compounds and liquid color dispersions for a number of markets, including packaging, housewares and toys.
``Acquiring Polytech gives us access to geography and the liquid color market,'' Accel Chief Executive Officer Dwight Morgan said by telephone Nov. 24. ``This is part of our commitment to being a national supplier.''
Previously Accel had served West Coast accounts from its Naperville site. Polytech's liquid color technology also may be installed at other Accel plants, Morgan said.
The product mix at Polytech is a little more heavy on engineering resins like polycarbonate and nylon than at Accel. More than half of Accel's compounds are based on commodity resins like polyethylene, polypropylene and polystyrene. Polytech was founded in 2000 by Brian Cochran, who has experience with compounders Ferro Corp. and Teknor Apex Co. Cochran will remain with Accel as the Ontario site's general manager.
Accel also has expanded its plans for the Knoxville site. When that site opened in September, plans called for adding an extrusion line to its base of three within six months. Accel now plans to add two lines in that time frame.
Accel now has four plants and 110 employees. Excluding the Knoxville site and Polytech, Accel has annual sales of about $16 million - and might not be done growing.
Morgan said his firm hopes to add a Northeast facility in the next year; sites in New England, New Jersey and the Philadelphia area are being considered.
Order turnaround times in Naperville now average three days, while Morgan said they are under five days in Avon.