DAILY NEWS Feb 1, 2013 1:55 PM - 0 comments

PMC Group purchases Dow additives business

TEXT SIZE bigger text smaller text

Plastics and specialty chemicals maker PMC Group has bought the global methyl tin stabilizer and solid lubricant business from Dow Chemical Co. for an undisclosed price.

The Business includes global organotin and heavy-metal free organic polymer stabilizers, polymer lubricants and multi-component package product lines sold under brand names including ADVASTAB, ADVALUBE, ADVAWAX and ADVAPAK. The transaction includes a world-scale manufacturing facility dedicated to these products in Cincinnati, Ohio.

"This acquisition broadens our technology and product offering and underscores our commitment to be an innovative leader in the polymer additives industry," PMC president Debtosh Chakrabarti said in a news release.

For Mount Laurel, N.J.-based PMC Group, the deal is the company’s second plastic additives acquisition in the last five months. In October, PMC had acquired a line of polymer stabilizers, catalysts and fine chemicals from Arkema SA.

Horizontal ruler

Horizontal Ruler

Post A Comment

Note: By submitting your comments you acknowledge that Canadian Plastics has the right to reproduce, broadcast and publicize those comments or any part thereof in any manner whatsoever. Please note that due to the volume of e-mails we receive, not all comments will be published and those that are published will not be edited. However, all will be carefully read, considered and appreciated.

Your Name (this will appear with your post) *

Email Address (will not be published) *

Comments *

* mandatory fields