is part of the Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

Thermosets: BMCI acquired by Citadel Plastics Holdings

Citadel Plastics Holdings Inc. (Citadel) has acquired Bulk Molding Compounds Inc. (BMCI; West Chicago, IL), the largest supplier of custom formulated bulk molding compounds. Citadel is a portfolio company of Chicago-based private equity investment firm Wind Point Partners. According to a release on the acquisition, Citadel intends to build a global plastics compounding company with broad product and technology capabilities. BMCI joins the first company in the Citadel portfolio, thermoplastics compounder The Matrixx Group (Evansville, IN; www.matrixxgroup.com). Citadel is led by Mike Fitzpatrick, its chairman and CEO and a 30-year veteran of specialty chemicals supplier Rohm and Haas.
BMCI owner Larry Nunnery will retain his position as CEO of BMCI (www.bulkmolding.com) through 2008. Nunnery bought BMCI in 1989 and grew the company from a $7 million/yr revenue, single-plant business to its current $130 million/yr sales, seven-site portfolio. BMCI has production at two sites each in the U.S. and Mexico and one each in China, Germany, and Brazil.—[email protected]
Hide comments
account-default-image

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish