Chem-Trend buys Ultra Purge purging line from Moulds Plus
In a bid to widen its product portfolio for thermoplastics processing operations, material supplier Chem-Trend LP has acquired the Ultra Purge-brand purging compound line from Moulds Plus International.
The purchase includes the Ultra Purge brand along with product and processing technologies and other business assets.
The terms of the deal have not been disclosed.
“This move allows Chem-Trend to provide an even greater portfolio of purging compounds to enhance the value, efficiency and productivity that we currently offer to processors of thermoplastics,” said Devanir Moraes, president and CEO of Howell, Mich.-based Chem-Trend. “By acquiring the Ultra Purge business and combining it with our existing Lusin brand of purge compounds, release agents and mold maintenance products, Chem-Trend significantly increases its ability to address processing needs in the thermoplastic market and strengthens its position for customer support and service.”
Headquartered in Villalvernia, Italy, Moulds Plus International provides engineering and design services for the plastics industry, and established Ultra Purge in 1998. The Ultra Purge line of purging compounds covers a broad range of thermoplastics applications, including injection molding, hot runners, caps and closures, PET preforms, blow molding extrusion, film extrusion, and automotive.
“Ultra Purge was initially developed as a value-adding purging compound line for injection molders, so we focused on creating product technologies and developing innovative manufacturing processes that would provide premium results for our customers,” said Gian Paolo Repetto, founder and president of Moulds Plus International SRL. “We’re excited for the next chapter in the Ultra Purge legacy, and we’re confident that Chem-Trend can take this product line to the next level.”
“Chem-Trend operates within a similar value-adding business model, which makes it the perfect buyer for the Ultra Purge brand,” said Graziano Pestarino, president of Moulds Plus International USA. “With Chem-Trend’s wide network, deep understanding of the market and extensive global presence, the company offers additional support for our existing customers and significant opportunities for expansion.”
This is the second acquisition for Chem-Trend this month. In mid-September, Chem-Trend acquired Huron Technologies Inc., a Leslie, Mich.-based company that focuses on customized mold release agents and related products for multiple molding applications.