Techmer PM has announced the acquisition of TP Composites to its engineered compounds business. TP Composites (TPC), a privately held custom formulator and engineered plastics manufacturer that was founded in 1994 and based in Aston will be wholly owned by Techmer PM and operate under the Techmer Engineered Solutions (TES) business unit.
John Manuck, chairman & CEO of Techmer PM said;
TP Composites is a great fit for our engineering compounds business, which we continue to develop with our long-time partner Mitsui Plastics, Inc., and is another key step in our growth initiative for the TES business, TP Composites brings an array of complementary products and talented personnel to our existing TES group.
The TES Group was launched by Techmer PM in 2004 as the company expanded beyond its traditional masterbatch business into the rapidly growing and complementary engineered plastics market. The acquisition of TPC will aid in the continued expansion into the business machines, automotive, aerospace, oil and gas, consumer products, medical, and electrical and electronic industries. All TPC managers and other personnel will join TES and continue to work out of the facilities in Aston.