Quadrant purchases U.S. injection molder and compounder Piper Plastics
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Swiss-based Quadrant, a global manufacturer of high-performance thermoplastic materials has acquired Piper Plastics Inc., an injection molder and compounder based in Libertyville, Ill.
The terms of the deal have not been disclosed. The transaction is expected to close in the next weeks.
Piper Plastics provides advanced engineering plastic solutions via unique polymer conversion technologies and precision machined engineering plastic components and assemblies. In addition to the Libertyville operations, the company is also active in Chandler, Arizona and Rayong, Thailand.
The acquisition will add two additional manufacturing facilities to Quadrant’s already established five U.S. facilities along with their Thailand facility, broadening Quadrant’s already extensive global footprint.
“We’ve built a strong global customer base on our high-performance polymer materials through vertical integration and collaboration,” said Randy White, president and CEO of Piper Plastics. “Joining Quadrant’s global supplier and sales network will enable Piper to explore new markets and expand its growth potential.
The Quadrant Group operates more than 25 production sites in 20 countries and has more than 2,000 employees worldwide. The company became a fully owned subsidiary of Japan’s Mitsubishi Plastics Inc. in 2013.