Teknor Apex acquires compound supplier
Canadian PlasticsCanadian Plastics
Custom compounder Teknor Apex has purchased the UK and U.S. engineering thermoplastics businesses of Chem Polymer.
Custom compounder Teknor Apex has purchased the UK and U.S. engineering thermoplastics businesses of Chem Polymer. Chem Polymer, with a base of customers in Europe, the Americas and Asia, will operate under its existing management as a distinct entity within Teknor Apex. The company will retain the Chem Polymer name and a workforce of 150.
Chem Polymer produces reinforced, filled and specially modified compounds of nylon 6 and 66, acetal, PBT and PET for a variety of applications. It operates two plants in the UK and one in the United States, with a combined annual capacity of 66 million lb.
Teknor’s largest product lines consist of flexible vinyl and thermoplastic elastomers, as well as color concentrates.
"The purchase of Chem Ploymer is the latest initiative in our long-range strategy of broadening the technology base of Teknor Apex and expanding its geographic reach through acquisitions and alliances," said Teknor Apex president Jonathan D. Fain. "The resources and expertise of Chem Polymer will increase our capacity to offer the economic and logistical advantages of single-sourcing to customers who require a wide range of compounds or manufacture at multiple sites around the world."