Vinmar Polymers America will distribute Lanxess Corp.'s high-performance plastics to customers in North America.
VPA, a unit of Houston-based Vinmar International, and Lanxess of Pittsburgh will work together to complement Lanxess' market strategy with regionally placed inventory, along with sales and technical support, officials said in a Jan. 17 news release.
They added that the new arrangement broadens the existing relationship between Lanxess and Vinmar in Turkey and Australia.
Key North American product offerings will include the Durethan-brand line of nylon 6 and 6/6 resins and Pocan-brand PBT resins and blends, according to VPA President Kirt Dmytruk.
Lanxess Corp. is a unit of Lanxess AG of Cologne, Germany. The firm is a leading specialty plastics and chemicals maker with annual sales of almost $8 billion. Vinmar is a global plastics and chemicals distributor that posted sales of $3.6 billion in 2019.
Vinmar has been working to grow its VPA unit in the last year. In mid-2019, the firm acquired resin and sheet distributor Alpheus Enterprises of Mexico City.
In late 2019, Vinmar Senior Vice President Vishal Goradia told Plastics News that the firm plans to remain active in the M&A market while also growing its businesses organically. He added that Vinmar is looking at possible U.S. distribution and chemical acquisitions.