Ravago Americas LLC announced yesterday the acquisition of Polymer Technology & Services LLC (PTS; Murfreesboro, TN). PTS will become part of Ravago's Amco Polymers business, a North American distributor of commodity, engineering and specialty polymers.
"We continue to grow our business by connecting with high-quality companies that have great people and a strong strategic fit within our businesses," said Jim Duffy, President of Ravago Holdings Americas. "The PTS culture, market reputation and unique business model are a perfect complement to Amco Polymers."
"The 26-year focus of PTS was on the combination of customer service, OEM application development and product technology, especially with flame-retardant polymers,” added Tom Hooper, President of PTS. “The customer-oriented culture and technical product strategy of Amco Polymers made this transaction a natural fit. We are excited about the added value we can bring to our OEMs and customers as part of the Amco team."
“We are very pleased to welcome Polymer Technology & Services into the Amco Polymer family. Their experience and focused participation in key markets along with their highly engineered product line create significant opportunities for our business," said Kevin Wettstein, Vice President/General Manager of Amco Polymers. "Tom and his talented commercial team will be great additions to the Amco Team. We look forward to working side by side with them to develop solutions that allow our combined customers to achieve differentiation and growth in a competitive and fast changing market."
PTS will continue to operate in its current business model until its full integration into Amco Polymers in 2018.
Amco serves the automotive, packaging, industrial, healthcare, electrical/electronics and consumer durables markets.