ICO Polymers North America, a division of global polymer powder and plastic film concentrates producer ICO Inc., is buying Chroma Corp.'s color business for rotational molding.
The two companies will continue to work together, officials said at NPE2009 in Chicago. The deal was announced June 22. Terms were not disclosed.
Allentown, Pa.-based ICO Polymers will take on volume production of rotomolding colors. Chroma will continue to keep its rotational molding design center, and to create new color products for rotational molding and handle customer trials, Chroma President and CEO Tom Bolger said.
Chroma is developing special photo-luminescent colorants that allow plastic products to glow in the dark. Applications could be buoys and docks, where that feature will improve nighttime safety. Chroma has two factories in McHenry, Ill. One plant focuses on colorants for rotomolding, and the other makes color masterbatches.
Houston-based ICO Inc. is a global player in compounding and blending, as well as toll grinding and pulverizing.
ICO will move the rotomolding color production to two of its U.S. plants, in East Chicago, Ind., and Fontana, Calif., said Craig Davis, ICO's vice president of sales and marketing.
ICO has other rotomolding materials-related plants in South America, Europe and Southeast Asia.
Bolger said ICO will bring a global footprint to rotomolding color and allow Chroma to create new color products for rotomolders around the world.
Newly inducted Plastics Hall of Fame member Robert Swain founded Chroma in 1967.