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        IMA

Chem-Trend acquires two mould release companies; expands R&D in US

Ultra-Helix

US-based mould release/purging compounds supplier Chem-Trend has acquired the Ultra Purge business from Italy-headquartered Moulds Plus International to widen its product portfolio for thermoplastics processing operations. The Ultra Purge line of purging compounds covers a range of thermoplastics applications, including injection moulding, hot runners, caps and closures, PET preforms, blow moulding, film extrusion, automotive and more.

Chem-Trend has also acquired Huron Technologies, a supplier of customised mould release agents and related products for multiple moulding applications. The full product line from Huron Technologies – including release agents, mould conditioners, cleaners and flushes – is now part of the Chem-Trend portfolio. The deal provides additional product technology, manufacturing and process know-how, raw material sources and customer segments to Chem-Trend, the firm says.

Terms for both acquisitions were not disclosed.

“This move allows Chem-Trend to provide an even greater portfolio of purging compounds to enhance the value, efficiency and productivity that we currently offer to processors of thermoplastics,” said Chem-Trend President/CEO Devanir Moraes. “By acquiring the Ultra Purge business and combining it with our existing Lusin brand of purge compounds, release agents and mould maintenance products, Chem-Trend significantly increases its ability to address processing needs in the thermoplastic market and strengthens its position for customer support and service.”

Meanwhile, Moraes said the Huron Technologies acquisition will allow the company to strengthen its product offering to the polyurethane industry while providing growth opportunities into other segments, such as friction products and concrete moulding.

In other news, the firm says it will expand its R&D facilities at the global headquarters in Howell, Michigan, by 50% to allow for continued growth of its R&D activities and increased capabilities to provide customer support.

The expansion is planned to accommodate additional R&D facilities that include an applied research laboratory, an analytical laboratory featuring advanced chemical analysis equipment and dedicated laboratories that, in close collaboration with the company’s additional R&D laboratories around the globe, will allow it to develop technologies for the die casting, polyurethane, rubber, composites, tyre, thermoplastics and wood composite industry segments.

Completion of the project is targeted for mid-2017.

Similar investments by Chem-Trend and its parent company Freudenberg Chemical Specialities (FCS) have been completed in recent years at its locations in Brazil, India and China, with an additional expansion just announced for facilities in Germany in 2017. FCS is a part of the Germany-headquartered Freudenberg Group.

The 55-year old Chem-Trend has production facilities on four continents, offices or local representatives in 18 countries, and a distribution network covering more than 50 countries.

(IMA)


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