Canadian Plastics

Thermoset compounds maker IDI buys Ontario compounds supplier

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U.S.-based thermoset materials maker IDI Composites International (IDI) has bought Jet Moulding Compounds Inc., of Ajax, Ont., a supplier of high-performance thermoset molding compounds.

U.S.-based thermoset materials maker IDI Composites International (IDI) has bought Jet Moulding Compounds Inc., of Ajax, Ont., a supplier of high-performance thermoset molding compounds.

The terms of the deal have not been disclosed.

IDI, headquartered in Noblesville, Ind., provides customized polyester/vinylester-based compounds for automotive/truck, aerospace, electrical, food service, alternate energy, and appliance applications.

According to an IDI news release, the acquisition makes it the largest supplier of high-performance thermoset molding compounds in the world, and also gives the company faster turnaround for its expanding global customer base.

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IDI also said Jet Moulding will continue to operate as an independent entity in Ajax through 2011, after which it will be consolidated into the Noblesville manufacturing facility.

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