Private equity firm Wind Point Partners has added to its PVC compounding base by acquiring Reinier Plastics of Marieville, Quebec.
Chicago-based Wind Point made the deal through Aurora Plastics LLC, a Streetsboro, Ohio-based PVC compounder that it had purchased in August. In a June 1 news release, officials said that both Aurora and Reinier "differentiate themselves by providing innovative custom compounds with unparalleled lead times, exceptional quality, outstanding customer service and in-field technical support."
"Aurora is focused on enabling our customers' success by providing outstanding compounds, service and solutions," Aurora CEO Darrell Hughes said in the release. "The acquisition of Reinier allows us to build on both companies' commitment to customers while expanding our product offering and footprint."
A combined Aurora/Reinier will offer a wider range of custom PVC compounding capabilities, including rigid PVC powders, rigid PVC pellets, clear, opaque, and colored flexible PVC, rigid cellular PVC, clear rigid PVC, PVC/acrylic pellets and purge compounds.
The combined company now will operate three PVC compound production facilities in Ohio, Quebec and Welcome, N.C. In the release, Reinier President Luc Tremblay said that Aurora was "the best partner to enable Reinier's next phase of growth." He added that Aurora plans to invest in Reinier's Quebec plant.
Reinier was founded in 1992. The firm employs 53 at a 62,000-square-foot plant. Aurora officials declined to disclose sales or production totals for Reinier.
No details on the upcoming manufacturing expansion at Reinier were available.
Wind Point currently owns Novolex, the Hartsville, S.C.-based firm that ranks as one of North America's largest producers of plastic film and bags. Wind Point previously owned compounding firm Citadel Plastics — which it sold in 2012 to Huntsman Gay Global Capital — and TPU film and sheet maker Argotec LLC, which it sold in 2015 to Schweitzer-Mauduit International Inc.