RTP Co. has bought a line of conductive compounds from Clariant International Ltd. for an undisclosed price, and will open a technology center in China next month.
Winona, Minn.-based RTP will move manufacturing equipment from a Clariant site in Orangeburg, Germany, to a plant in Ladenburg, Germany, that RTP opened last year. The two sites are about 300 miles apart. The deal also includes technology and product formulations.
The acquisition will require RTP to lease an additional 40,000 square feet of space in Ladenburg and will create 15-20 new jobs, Jean Sirois, RTP's Europe managing director, said in a March 13 phone interview. The transferred equipment is expected to be in place by early 2013.
Conductive compounds acquired in the deal primarily are based on polypropylene, polystyrene and PVC — materials that Sirois said RTP did not typically use in its conductive compounds. He estimated that there was only a 10 percent overlap in conductive compounds made by the two firms, and said they did not compete for many applications.
The compounds being acquired are used in electrical/electronic markets, as well as in wire and cable, extrusion, shapes and construction applications, Sirois added.
RTP will continue to look for deals in conductive compounds and in the compounding market in general, he said.
The 40,000-square-foot Ladenburg plant makes numerous RTP products, including structural compounds, very-long-fiber composites and conductive compounds. RTP specializes in compounds based on nylon and other engineering resins.
The company also is opening a technology center in Shenzhen, China, in mid-April.
The facility will house engineers and technical support staff for the entire RTP product line, said Andy Lamberson, corporate development and marketing communications manager.
“The center will support our expansion outside the U.S. and is close to a lot of our customers,” Lamberson said.
RTP has 11 facilities in North America, Europe, Asia and South America. The RTP Deutschland GmbH plant in Ladenburg opened in 2010.