Custom thermoplastic compounds manufacturer AlphaGary Corporation, in business for three decades, has been renamed Mexichem Specialty Compounds.
Publicly traded Mexichem SAB de CV, of Tlalnepantla, State of Mexico, acquired Leominster, Mass.-based AlphaGary from Rockwood Holdings Inc for $300 million in 2011.
In a news release, Mexichem said AlphaGary's product and brand names such as Megolon LSHF compounds, Smokeguard low-smoke flame retardant compounds, Evoprene and Garaflex TPE compounds and Garathane TPU compounds remain unchanged, as does AlpaGary's customized compound solution development.
“This is the natural progression for such a successful company as it continues to forge even stronger links with other parts of the Mexichem family,” Enrique Ramirez, director of Mexichem's compounds business unit, said in the news release.
Chemical and petrochemical company Mexichem is one of the world's largest manufacturers of PVC pipes. It has operations in 30 countries and employs 19,200 at 100 different sites, according to its website.
Last September, the company renamed two of its business groups, Chlor-Vinyl, now called Vinyl, and Integral Solutions, now called Fluent. The Fluor business group's name remains unchanged.
Mexichem announced net sales for 2015 of $5.708 billion dollars on Feb. 24 — up 3 percent from $5.55 billion of 2014.
“The Vinyl Group led the way in the fourth quarter, posting significant double-digit increases in revenues and EBITDA [earnings before interest, taxes, depreciation and amortization] as well as in volumes,” the company said.