Mergers & Acquisitions
Market analysts contacted by Plastics News said that DuPont should benefit from its acquisition of Spectrum Plastics, although there was a chance that the deal could put the firm in competition with some of its customers.
Cleveland injection molder Innovations in Plastic Inc. has a new owner, market veteran Christopher Miedza, who has renamed the business Pharoplast LLC.
Injection molder Grote Industries Inc. has purchased Star Headlight & Lantern Co. Inc. and made it a wholly owned holding company: Star Safety Technologies.
Semperit's Kristian Brok says the acquisition of Rico Group "ticked two boxes" for the company: Expanding Semperit's reach in the U.S. market and bringing LSR into the fold.
Parkway Products brings a network of nine injection molding sites to the new owner, becoming a vital part of a $659 million company.
Less than six months after an ownership change, resin distributor Formerra LLC has made a deal of its own, acquiring Irish materials supplier Total Polymer Solutions for an undisclosed price.
The private equity owner of Canadian extrusion specialist Plastifab has bought U.S. injection molder Marchel Industries.
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