Plastics materials giant Ravago Group recently acquired Kemiropa, a distributor of plastics and specialty chemicals based in Istanbul, Turkey.
Plastics products distributed by Kemiropa include masterbatch concentrates, compounds based on PVC and engineering resins and recycled resins. The firm was founded in 1987 and has been owned since 2008 by European distributor LEL Group.
No purchase price was disclosed. The addition of Kemiropa brings Ravago's deal total for 2016 up to five. Most recently, Arendonk, Belgium-based Ravago on Sept. 1 confirmed its purchase of polypropylene compounder International Polymers Corp. of Allentown, Pa.
Ravago employs 5,000 worldwide, distributing almost 9 billion pounds of resins and compounds to 40,000 customers. The firm also operates 30 manufacturing sites for recycling and compounding, as well as production of expanded polystyrene resin and finished products for the building and construction market.