Purging compound maker Sun Plastech acquires competitor Novachem
Two major players in purging compounds consolidate.
In a development that consolidates two major manufacturers of purging compounds for the plastic industry, Sun Plastech Inc., the manufacturer of Asaclean compounds, has purchased the assets of competitor NovaChem.
The financial terms of the deal have not been disclosed.
Since its establishment in 1996 to service thermoplastic injection molders and extruders across North and South America, Parsippany, N.J.-based Sun Plastech has supplied a range of mechanical purging compounds sold under the Asaclean brand.
Located in Bridgeport, Conn., Novachem was founded in 1989, and supplies chemical purging compounds under its Novapurge and SuperNova product lines, as well as its InstaPurge line of mechanical purges, and its more recent Hybrid line of compounds that combines SuperNova technology with InstaPurge.
“The acquisition further expands Sun Plastech’s position as the leading provider of purging compounds in the plastics industry,” Sun Plastech said in a statement. “With the addition of the chemical purging compound product lines together with the company’s existing Asaclean mechanical purging compounds, Sun Plastech can offer its customers a wide array of quality selections of purging products that meet almost any purging scenario.”