Antek Madison Plastics has acquired a materials plant in Stryker, Ohio, from LyondellBasell Industries.
Toronto-based Antek Madison is a resin distributor and recycler. The firm is using the Stryker site for pulverizing resins for rotational molding and blending resins for custom color and concentrates. The site also offers warehousing and lab testing.
"We're operating it as a standalone facility," CEO Jim Angelopoulos said in an interview with Plastics News. "We saw the need for another facility in that area."
The Stryker site covers 110,000 square feet and has 15 resin silos with total storage of 3 million pounds, as well as its own rail spur. The site currently has eight employees and is looking to add more.
LyondellBasell acquired the site as part of its deal for A. Schulman Inc. in 2018. It had been vacant for about a year until the Antek Madison offer.
Antek Madison now plans to install more blending capacity in Stryker, Angelopoulos said. The firm began as a recycler in Toronto in 1994 and added a compounding site in Chicago in 2004.
Officials said that acquiring the Stryker plant allows Antek Madison to "expand and diversify" their product offerings. They added that the firm can supply customers "with little to no lead time," as a stocking facility that can serve Ontario, Quebec and the U.S. Midwest.
Antek Madison's product mix includes regrind polyethylene, polypropylene, polystyrene, ABS, nylon and polycarbonate as well as reprocessed PP and nylon. The firm also supplies primes grades of PP, high density PE, PS, ABS, PC, polybutylene terephthalate and acetal.