NEWS


PolyOne buys PlastiComp to target LFT potential


PolyOne Corporation has continued its strategy of growth through targeted acquisition by buying US-based PlastiComp, a specialist in long fibre technology (LFT) composite formulations and production. Founded in 2003,


PlastiComp is best known for its Complēt product lines, which include long glass, carbon and hybrid reinforcements of up to 50% in matrix materials ranging from PP to PEEK. The materi- als are used in a variety of demanding applications in markets including medical, automotive, marine and outdoor equipment. PlasticComp employs


around 50 people at its plant at Winona, Minnesota, and operates six LFT pultrusion lines, two for carbon and four for glass products. The business and all staff, including founder Stephen Bowen, will


Addivant owner buys SI Group


Private investment firm SK Capital Partners is to acquire SI Group, adding considerably to its portfolio in performance additives and intermedi- ates for plastics and other applications. SK is already the owner


PlastiComp installed its second carbon fibre LFT production line in 2017


become part of PolyOne’s Specialty Engineered Materials segment. “We are very excited to


accelerate commercial and operational investments to further expand this impor- tant composite technology as part of our advanced composites portfolio,” said Robert M Patterson, Chairman, President and CEO of PolyOne.


LFT-based materials are


increasingly being used in metal replacement and light-weighting projects where they are said to offer higher strength and stiffness, greater design freedom, fatigue endurance, im- proved corrosion and wear resistance, EMI shielding and simple recyclability. � www.polyone.com � www.plasticomp.com


of antioxidants and stabilisers firm Addivant and the two firms will be combined at closure, which is expected to take place in 2H 2018. Privately- owned SI Group operates 20 manufacturing facilities on five continents and posted annual sales of more than $1bn last year. “SI Group has an


excellent fit with the technologies and end markets of several SK Capi- tal businesses,” said Barry Siadat, a co-founder and Managing Director of SK Capital. � www.siigroup.com � www.addivant.com


Elix invests €4m in Spanish ABS facility


Elix Polymers, the Spanish manufacturer of ABS resins and derivatives, is investing €4m to optimise ABS powder production facilities at its site at Tarragona. The project will begin this year and should be completed within 2019. ABS powder is used as an intermediate for ABS compound


production and as an impact modifier in other thermoplastic compounds. Elix said the investment will ensure access to the materials and enable it to meet its future growth plans. “Within the company’s strategic plan, we are seeking to accompany customers as they grow, strengthen our position in key markets and increase our international presence by accessing new market niches and specialities in the NAFTA region and Asia,” said David Castañeda, Director of Opera- tions and New Business Development at the company. � www.elix-polymers.com


8 COMPOUNDING WORLD | June 2018 www.compoundingworld.com


Elix is expanding ABS powder capacity at Tarragona


PHOTO: POLYONE


PHOTO: ELIX POLYMERS


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