Optima Colour enters JV with Welsh masterbatch supplier
Canadian PlasticsEconomy Plastics Industry Economic Changes/Forecast
Masterbatch, color concentrates and compounds supplier Optima Colour is expanding into Europe and the UK wit...
Masterbatch, color concentrates and compounds supplier Optima Colour is expanding into Europe and the UK with a joint venture with a Welsh counterpart.
Cambridge, Ont.-based Optima Colour revealed the agreement with masterbatch and colour concentrate manufacturer Technical Colour Supplies, of Wrexham, North Wales, on April 28.
According to Tyler Kilgannon, VP of marketing and development for Optima Colour, the strategic alliance gives the company access to a manufacturing base within the UK to expand its European business in blown film and specialty compounds. Equally, Technical Colour now has a base in Canada from where it can increase its North American business.
“Optima Colour has been searching for the right partner in Europe to develop and grow specific markets, and in Technical Colour we have found exactly what we were looking for,” Kilgannon said.
The two companies are planning to expand Technical Colour’s Wrexham facility to handle additional business, Kilgannon added.