SK Capital Partners has actually made another plastics-related acquisition, this time polystyrene and specialized chemicals maker Deltech Holdings LLC at a concealed cost.
New York-based SK will own a managing stake in Baton Rouge-based Deltech in company, consisting of serving on the board, authorities stated in a news release on Aug. 23.
In journalism release, SK Handling Director Mario Toukan explained Deltech as “a world leader in the manufacture of high-performance fragrant monomers and specialized crystal polystyrene”. He included that the business “provides an appealing item portfolio with leading market positions in specific niche innovations”.
In addition to crystalline PS resin, Deltech produces vinyl toluene, divinylbenzene and paramethylstyrene. The business uses 135 individuals in factories in Baton Rouge; Troy, Ohio; and Haverhill, UK.
Elefante stated in journalism release that SK “is the perfect partner as it effectively supports the development of entrepreneurial business in the specialized chemicals market.”
Deltech uses 135 individuals at its head office and production center in Baton Rouge, its extra production centers in Troy, Ohio and Haverhill, UK, and its around the world sales force.
SK has actually made numerous plastics-related acquisitions considering that 2009. The business’s existing portfolio consists of the leading nylon 6/6 resin Ascend Efficiency Products from Houston; Geon Efficiency Solutions, a compounder of PVC and other products based in Westlake, Ohio; and Techmer PM, a specialized compounder and concentrate maker in Clinton, Tennessee. Most just recently, SK got the French compounder Eurostar Engineering Plastics through Ascend at the end of in 2015.
On the product packaging side, SK took control of Thermoformer Lacerta Group from Mansfield, Massachusetts in 2015; Blow- fill-seal maker Catalent Pharma Solutions from Woodstock, Illinois; and Paris-based iPackchem Group, a worldwide business that produces product packaging for crop defense and specialized chemicals.
In a current interview with Plastics News, SK executive director Jack Norris stated the business is aiming to make extra acquisitions.
” We’re trying to find business that comprehend the capacity of business,” he stated. “We have a clear view of what we can do with business under our home.”
SK’s overall portfolio has yearly sales of roughly $ 11 billion, uses more than 16,000 individuals worldwide, and runs 153 plants in 28 nations. The business presently handles more than $ 5 billion in possessions.