Resin distributors Bamberger Polymers and Amco Polymers are merging to create a new firm, Bamberger Amco Polymers.
In a post on the firm's new website, officials said that the merger "is a significant step towards combining the strengths and expertise of two well-established polymer distribution businesses to provide [customers] with an even more comprehensive range of products, services, and expertise."
They added that the new business will update its brand representation with the new name and a new logo.
"We realize that changing our name, logo and identity is a process that can involve many steps and take some time, so this will be gradual," officials said.
Business operations will be unaffected by the merger. Officials said full integration into Bamberger Amco Polymers will take place in March.
Bamberger and Amco already had some shared ownership. Amco has been owned since 2012 by global distribution, recycling and compounding giant Ravago Group of Luxembourg. Bamberger was sold to Plastiche SA in 2018. The Roussis family has controlling stakes in both Ravago and Plastiche, a private investment company based in Luxembourg.
Bamberger distributes resins and compounds for 10 major suppliers. The firm was founded in 1967 and is based in Jericho, N.Y. Amco distributes resins and compounds for almost 20 major suppliers. The firm began in 1955 and is based in Orlando, Fla.
Ravago distributes, resells, compounds and recycles plastic raw materials at more than 325 locations across more than 55 countries worldwide. It employs 8,000 at 45 manufacturing facilities, including 19 recycling and compounding plants in North America, Europe, Asia and Africa with a combined annual capacity of about 1.7 billion pounds.
In addition to Amco, Ravago's operating units include Muehlstein, Channel Prime Alliance and Entec Polymers. In August, Ravago acquired a majority stake in M. Holland Co., a leading resin distributor based in Northbrook, Ill.