Global resin and chemicals supplier Vinmar International Ltd. has acquired Alpheus Enterprises of Mexico City for an undisclosed price.
Products distributed by Alpheus include polyethylene and polypropylene resins made by Formosa Plastics Corp. USA and rigid PET and PVC sheet made by Nan Ya Plastics Corp. USA. The firm also supplies plastic film and off-grade and recycled resins. Alpheus was founded in 1996 by the Fong family.
In a May 31 news release, officials with Houston-based Vinmar said that the Alpheus acquisition expands Vinmar's presence and coverage in Mexico's plastics distribution and resale market. They added that the Alpheus brand will continue to service Mexico as an independent subsidiary within Vinmar.
Vinmar was founded in 1978 and now operates more than 50 offices worldwide. Earlier this month, the firm announced the formation of Axia Plastics, a European distribution unit. Axia will be an official distributor for ExxonMobil Chemical and initially will have sales, technical and customer service teams in the United Kingdom, Germany, Austria, Switzerland and Poland.