Ravago Americas has acquired Polymer Technology & Services (PTS) of Murfreesboro, Tennessee, US.
PTS will become part of Ravago's Amco Polymers' business, a leading 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," says, 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 OEM's 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," says 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 their current business model until full integration into Amco Polymers occurs in 2018.