ORLANDO, FLA. (Jan. 13, 11 a.m. ET) — Resin distribution giant Ravago Americas has expanded its presence by acquiring distributor and compounder Amco Plastic Materials Inc. of Farmingdale, N.Y.
No purchase price was disclosed. Amco represents more than a dozen resin suppliers and has annual sales of about $150 million. The firm has added at least three sales reps in the last year and now has more than 90 employees.
Amco also operates 14 compounding lines at an 80,000 square-foot plant in Farmingdale. Its compounding specialties include compounds for anti-counterfeiting and anti-microbial uses.
Amco co-owner and President Gary Metzger will remain with the 57-year-old firm, which will operate under the name Amco Distribution as a division of Ravago Holdings America Inc.
“Amco…will remain as a unique and separate channel to market for distribution,” RHA President Jim Duffy said in a recent news release.
For Orlando, Fla.-based Ravago Americas, it's the firm's first deal since it acquired resin distributor Performance Polymers Inc. of Leominster, Mass. in 2009. Ravago Americas is a unit of Ravago Group, a distribution, compounding and recycling conglomerate based in Brussels.
Ravago Group also owns H. Muehlstein & Co. Inc., a leading North American resin distributor based in Norwalk, Conn.