MOSCOW (MRC) -- Additive and colorant supplier Americhem Group has acquired Vi-Chem Corporation, a supplier of specialty engineered compounds used in injection molding, extrusion and blow molding applications, said Canplastics.
The financial terms of the deal have not been disclosed.
The sale was completed on March 18, 2016, and the resulting company will be known as Vi-Chem, an Americhem Group company.
Vi-Chem, based in Grand Rapids, Mich., employs 85 people, and makes additives and colorants for the automotive, industrial, building and construction, medical, consumer, and electrical and electronic industries. In a statement, Americhem said that the company’s headquarters in Grand Rapids encompasses 170,000 square feet and will serve as Americhem Group’s centre of excellence for TPE and PVC compound solutions.
"The addition of Vi-Chem is strategic and further expands our automotive portfolio of products and services," John Deignan, Amerchem’s president, said in the statement. "The automotive and transportation industry is already one of the pillars of our business, and this move adds capabilities and technological innovations that will benefit Americhem Group’s customers and the industry as a whole."
As MRC informed earlier, FRX Polymers and Americhem Inc. have announced that they had entered into a multi-year exclusive distribution agreement covering Western Europe and Turkey for FRX’s new non-halogen flame retardant polymer known as FRX 100. retardant plastic.
Headquartered in Cuyahoga Falls, Ohio, Americhem employs approximately 800 people worldwide.