Quadrant, a leading global manufacturer of high-performance thermoplastic materials based in Lenzburg, Switserland, has acquired Piper Plastics Inc., an injection molder and compounder based in Libertyville, Ill. The acquisition enhances Quadrant’s ability to incubate and develop new business, in the pursuit of its mission of metal to plastic conversion. The transaction is expected to close in the next weeks, subject to governmental approval.
Piper Plastics provides advanced engineering plastic solutions via unique polymer conversion technologies and precision machined engineering plastic components and assemblies. Next to the Libertyville operations, the company is also active in Chandler, Arizona and Rayong, Thailand. Piper serves a diverse customer base in the medical, semiconductor, aerospace/defense, energy and food packaging industries.
The acquisition will add two additional manufacturing facilities to Quadrant’s already established five U.S. facilities along with their Thailand facility, broadening Quadrant’s already extensive global footprint. Quadrant plans to preserve Piper’s unique market identity.
Quadrant released a statement saying that Piper had an impressive history of overcoming the barriers that limit the use of engineering polymers in demanding applications. “They have demonstrated an extraordinary ability to formulate, qualify, and produce products that meet the performance and cost targets that customers demand,” said Glen Steady, Quadrant EPP President and CEO. “These capabilities are essential to our mission and will add tremendous value for Quadrant and our stakeholders.”
Randy White, President and CEO Piper Plastics noted that Quadrant's material innovations and global market presence perfectly compliment Piper.
“We've built a strong global customer base on our high-performance polymer materials through vertical integration and collaboration,” he said. Joining Quadrant's global supplier and sales network will enable Piper to explore new markets and expand its growth potential.
“This is an exciting opportunity for our company and our customers."
The Quadrant Group is a global leader in high-performance polymer materials in the form of (semi)finished products, used in a wide range of applications. The Group operates more than 25 production sites in 20 countries and has more than 2,000 employees worldwide and became a fully owned subsidiary of Mitsubishi Plastics, Inc. (Tokyo, Japan) in 2013.