CALUMET CITY, ILL. (Aug. 3, 12:15 p.m. ET) — Compounder and color concentrates supplier Plastics Color Corp. announced Aug. 2 that it has acquired Polysource LLC and its Pinnacle Color subsidiary, a color and additives manufacturer and distributor based in Tempe, Ariz.
Polysource was started in 1998 by Craig Degnaro, who will remain as manager of a new PCC business unit, Plastics Distribution Corp.
“Craig's technical expertise in the liquid color field and his business experience in running Polysource, as well as other ventures, are important reasons why we made the decision to purchase this operation,” said PCC President Doug Borgsdorf, in a news release.
“The purchase of Polysource gives PCC an established position in the North American liquid color market as well as a new distribution channel for both existing and new products,” Borgsdorf said.
Calumet City-based PCC already makes liquid color at its Nanjing, China, plant.
Degnaro added that Polysource gives PCC greater presence in Mexico and Latin America through Polysource's distributor relationships.