Custom color and additives manufacturer Americhem Inc. has acquired Infinity Compounding, LLC, a supplier of specialty filled and reinforced engineering thermoplastic compounds.
The terms of the deal have not been disclosed.
Americhem , located in Swedesboro, N.J. The acquisition, annouced this week, is expected to be mutually beneficial to both companies.
"Our partnership with Infinity Compounding makes sense on a number of levels," said Rick Juve, CEO of Cuyahoga fall, Ohio-based Americhem. "We’re both about providing highly reliable, technology-based solutions for our customers. This move broadens the technology base, opens new markets and expands geographical reach for both organizations, which we believe will be of additional benefit to our customers."
Headquartered in Swedesboro, N.J., Infinity specializes in highly engineered thermoplastic compounds, serving a variety of industries including medical, electrical/electronics, business machines, the disk drive industry, consumer products, industrial and aerospace/military.
Infinity will be an Americhem Group Company but will continue to operate independently under the direction of its existing management team from its existing home base.
"We are excited about Americhem’s global manufacturing and marketing reach, in particular China, which is already a growing market for Infinity,” said Carlos Carreno, Infinity’s president.