Israeli materials firm Tosaf has acquired Vision Color LLC, a maker of compounds, concentrates and powder blends in West Unity, Ohio.
No purchase price was disclosed in a May 19 news release announcing the deal. The acquisition adds to Tosaf's U.S. sites in Bessemer, N.C., and Arlington, Texas. Officials said in the release that that addition of Vision will service Tosaf's growing customer base in North America.
"This demonstrates additional strides toward our commitment and continuous improvement efforts to provide the most efficient, responsive and cost-effective service to our current and future customers in Canada, the U.S. and Mexico," Tosaf founder and CEO Amos Megides said in the release.
Rick Bacon, Vision founder and CEO, added that the partnership "will enhance Vision Color's growth by utilizing Tosaf Group's additional product line and technologies while maintaining our excellent reputation for service and quality in the region."
Bacon founded Vision in 2002. Vision employs 29 at a 70,000-square-foot facility. The firm has around 20 million pounds of annual production capacity on two twin-screw extruders and two continuous mixers.
Markets served by Vision include packaging, lawn and garden, toys, furniture, building and construction, automotive, dairy, health and beauty, and industrial.
Services offered by Tosaf include matching existing colors and developing new color schemes. The firm can provide a 72-hour-or-less color match service and create production orders in five working days or less.
Tosaf is based in Tvunot, Israel, and employs more than 1,200 at 15 plants worldwide. The firm spent almost $30 million to build its plant in Bessemer, which opened in mid-2018.
In 2015, Tosaf acquired Adtec Colorant, a maker of additives, compounds and concentrates in Arlington, Texas. The business still operates under that name.