Chem-Trend acquires Romanian release agent business
March 24, 2017 by Canadian Plastics
Chem-Trend Ltd., a maker of high-performance release agents, purging compounds, and other ancillary molding products, has acquired the release agent business of its long-time distribution partner in Romania, Rubio Trading & Consulting SRL.
The terms of the deal have not been disclosed.
As part of a planned growth strategy in Eastern Europe, Chem-Trend Romania has now been established. Chem-Trend Romania will continue to support the local market in the existing industries of polyurethane and rubber molding, thermoplastics processing, and die casting.
“The addition of this office, along with the many talented and experienced people who have joined us from Rubio, strengthens our commitment to addressing the needs of the local market,” Chem-Trend CEO Devanir Moraes said in a statement.
Chem-Trend has a global presence with production facilities on four continents, offices or local representatives in 20 countries, and a distribution network covering more than 50 countries.