In a move to expand its rigid PVC compounding capabilities, materials manufacturer Teknor Apex Company has purchased custom compounder Viking Polymers LLC.
The terms of the deal have not been disclosed.
Viking Polymers owner and president John Ammondson, who founded the company in 1994, will now serve as a consultant to Teknor Apex.
Based in Jamestown, N.C., Viking Polymers has a nominal annual compounding capacity of 50 million lbs. (23,000 metric tons). The acquired business will be part of the Teknor Apex Vinyl Division, continue to operate in Jamestown, and retain all employees, according to Louis R. Cappucci, Teknor Apex vice president and head of the Vinyl Division.
“While most of the business of the Vinyl Division of Teknor Apex has historically centered on flexible compounds, rigid PVC plays an increasingly important role in our continued growth,” Cappucci said. “The acquisition of Viking Polymers adds substantially to our rigid PVC capabilities and represents a natural extension of our product portfolio into weatherable capstocks, CPVC compounds, and other specialties for the fast-growing building and construction market.”
The chief applications for CPVC (chlorinated polyvinyl chloride) include hot and cold potable water systems and industrial piping. PVC, ASA, acrylic and alloys are custom formulated for applications ranging from house siding, windows, decks, railings, rainwater systems, and fences.
Teknor Apex is headquartered in Pawtucket, R.I.