(plasteurope) -- Arsenal Capital
Partners (New York / USA) has announced plans to acquire pigments and
dispersions supplier Plasticolors (Ashtabula, Ohio / USA) and merge it with
Evonik Industries’ (Essen / Germany) Colortrend global colourants business.
Arsenal completed the purchase of Colortrend last month.
Colortrend will be merged to create a new company, Chromaflo Technologies
(Ashtabula), which Arsenal said will be the world’s largest independent global
pigment dispersion platform.
Chromaflo Technologies will have production
facilities in the USA, Canada, The Netherlands and Australia, plus sales and
technical operations in North and South America, Europe, Australia, China,
Malaysia and India.