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Jordan Co. acquires PSG Polymer Additives division from Arsenal Capital

December 02/2019

MOSCOW (MRC) -- The Polymer Additives division of Polymer Solutions Group (PSG) has been sold for an undisclosed amount in a deal involving two New York City-based private equity firms, said Canplastics.

The Jordan Co. has acquired the division from Arsenal Capital Partners.

Headquartered in Cleveland, Ohio, PSGs Polymer Additives division supplies homogenizing agents, process aids, dispersions, and release agents for the rubber, plastic, and engineered wood industries. The division operates five plants.

PSGs other division, the Calhoun, Ga.-based Functional Materials division, will remain with Arsenal.

"My team and I are excited to be working with Jordan as we build out our global platform, grow our release agent market position, and continue to expand the market for our advanced technology SureMix performance process aids for silica rubber compounding, PSG polymer additives CEO Mike Ivany said in a statement.

"The companys culture, innovative product development and long-standing customer relationships make PSG Polymer Additives a strong fit for our investment strategy, Ian Arons, a partner with Jordan Co., said.

As MRC informed earlier, Milliken Chemical (Spartanburg, South Carolina) says its clarifying agent for polypropylene (PP), Millad NX 8000, has received Critical Guidance Recognition from the Association of Plastics Recyclers (APR) for its compatibility with plastic packaging recycling. Milliken says the product is the first and, to date, only PP clarifying agent to be so recognized.
Author:Anna Larionova
Tags:blow moulding, injection moulding, sheet extrusion.
Category:General News
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