Spell Capital Partners LLC has purchased two overseas materials firms and says it is seeking additional investments in masterbatch and compounding businesses globally.
In an email dated Sept. 8, Spell said it had acquired the companies in July: Duromer Products Pty. of Sydney, and DuroColour Vietnam Ltd. of Ho Chi Minh City.
Duromer produces thermoplastic polymers and customized compounds. In June, it introduced DuraSan, a range of antimicrobial compounds and concentrates that use silver ion technology and are designed for "high-touch" injection molded and extruded products.
DuroColour is a regional manufacturer of masterbatch colorants for the automotive, construction and textiles markets.
Minneapolis-based Spell has a broad portfolio. In plastics, its holdings include Atlas Wire LLC, a maker of plastic-insulated copper wire in Schiller Park, Ill.; Asian Pacific Colorants Pty Ltd. of Melbourne, Australia; Complete Packaging Inc. of Monroe, Mich.; and Viking Plastics, an injection molder of custom and proprietary products in Corry, Pa.