North American compounding leader PolyOne Corp. has acquired a pair of specialty colorants and additives makers, Silcotec Inc. of La Porte, Ind., and Comptek Kunststoffverarbeitung GmbH of Diez.
Silcotec makes silicone-based color masterbatch concentrates, while Comptek produces color compounds and concentrates based on fluoropolymers and other high-end specialty resins. Silcotec employs 30 at its single production site.
Comptek employs 20 at its only production site. The firm was founded in 1992 by Sten and Ursula Karlström.
No purchase price was disclosed for either firm. The spokesman said Silcotec and Comptek combined have annual sales of between $10 million and $12 million.
The Silcotec and Comptek deals follow a pattern of specialty acquisitions for Avon Lake, Ohio-based PolyOne. In 2016, the firm bought thermoplastic elastomer-related assets from Kraton Performance Polymers and also acquired two composites businesses from Gordon Holdings.
Jones Day has advised PolyOne Corp. in its acquisition of Silcotec Inc. of La Porte, Ind., and Comptek Kunststoffverarbeitung GmbH of Diez with a team led by partner James Dougherty.
Involved fees earner: James Dougherty – Jones Day;
Law Firms: Jones Day;
Clients: PolyOne Corporation;