For the second time this month, materials firm Chem-Trend LP has made an acquisition.
This time, Howell, Mich.-based Chem-Trend has bought the Ultra Purge-brand purging compound business of Italian firm Moulds Plus International. No purchase price was disclosed in a Sept. 20 news release announcing the deal.
The transaction includes the Ultra Purge brand along with product and processing technologies and other business assets, officials said in the release. Ultra Purge is sold throughout North America, Europe and parts of Asia and South America.
“This move allows Chem-Trend to provide an even greater portfolio of purging compounds to enhance the value, efficiency and productivity that we currently offer to processors of thermoplastics,” President and CEO Devanir Moraes said in the release. “By acquiring the Ultra Purge business and combining it with our existing Lusin brand of purge compounds, release agents and mold maintenance products, Chem-Trend significantly increases its ability to address processing needs in the thermoplastic market.”
Moulds Plus International USA president Graziano Pestarino added that Chem-Trend “operates within a similar value-adding business model, which makes it the perfect buyer for the Ultra Purge brand.”
Moulds Plus is based in Villalvernia, Italy. It launched the Ultra Purge line in 1998. The firm also provides engineering services for the plastics market.
The deal was announced exactly one week after Chem-Trend — a maker of molding release agents and purging compounds — confirmed its acquisition of Leslie, Mich.-based Huron Technologies Inc. That firm's products include polyurethane and rubber release agents, silicone concentrates and PU shoe sole molding release agents.
Chem-Trend is a unit of Freudenberg Chemical Specialties SE & Co. KG of Munich.