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NEWS


NEWS IN BRIEF...


The European Commission has approved the acquisi- tion of Solvay’s European polyamides business, predominantly PA66 polymers and intermediates, by Domo Chemicals. The business is being sold to satisfy competition concerns arising under EU Merger Regulations of BASF’s purchase, announced in 2017, of Solvay’s global Performance Polyamides business. www.ec.europa.eu


Italian authorities have set a date for a meeting of creditors of mixing machinery manufacturer Caccia Engineering for 17 December. Bankruptcy proceedings were initiated against the company, which is based at Samarate in the north of Italy and claims to have delivered 6,000 PVC mixing systems since its formation in 1959, back in August. http://aescacciagroup.it/


US start-up sets sights on peak performance


Peak Performance Com- pounding commenced production at Leominster, Massachussetts, US, offering what it describes as a “service-oriented” option for companies operating in the industrial and medical markets.


Equipped with one 52mm and two 75mm twin screw compounding lines, the newly-formed company will focus on production of pre-coloured specialty


compounds including highly filled and radiopaque materials. Services include custom formulating and toll processing. “Fast turnaround of samples and no minimum order size is our mantra,” said Peak Performance Compounding President and co-owner Todd March- and.


In addition to compound-


ing, Peak also offers pellet and dry powder blending,


pellet pulverising and material testing services (the company has its own injection moulding capabil- ity and lab-scale tape and film extrusion equipment). Marchand said it is hoped the company will have ISO 13485/9001:2015 certifica- tion in place by Q1 2020. Longer terms plans also include the creation of a humidity and temperature- controlled production area � www.peak-pci.com


PSG’s polymer additives unit acquired by PE firm Jordan


Mid-market private equity firm The Jordan Company has acquired the Polymer Addi- tives division of Polymer Solutions Group (PSG) from Arsenal Capital Partners, another private equity owner. Terms were not disclosed. PSG’s Functional Materials division was not part of the deal and remains with Arsenal. PSG Polymer Additives, formerly known


as Flow Polymers, is based at Cleveland in Ohio and supplies homogenising agents, process aids, dispersions and release agents for the rubber, plastics and engineered wood industries. In the compounding area, it is best known for its SureMix family of process aids. � www.polymersolutionsgroup.com � www.thejordancompany.com


Ineos teams up with Viridor in recycling


Ineos and Viridor have joined forces to produce a range of polymers with 50% or more PCR content. The new materials will be pro-


duced from polymer recovered at Viridor’s new £65 million recycling plant at Avonmouth, near Bristol in the UK. The facility is said to be the country’s largest multi-polymer recycling and reprocessing facility. “Using our polymer expertise, we


will engineer a new range of polymers to incorporate high levels of recycled plastics,” said Rob Ingram, CEO of Ineos Olefins & Polymers. “These new


6


materials will meet growing demand for increased levels of recycled content without compromise to product performance and quality.” n Separately, Ineos has opened a new advanced pilot chemical recycling plant at Rosignano in Italy. It said the aim of the plant is “to develop and produce advanced products which will incorporate plastic waste diverted away from landfill or incineration.” The investment is part of the company’s ongoing €100m R&D programme. � www.ineos.com � www.viridor.co.uk


COMPOUNDING WORLD | December 2019


Ineos is working with Viridor in the UK to produce recycled polymer grades


www.compoundingworld.com


IMAGE: VIRIDOR


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