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PolyOne, a provider of specialised polymer materials, services and solutions, has announced the acquisition of speciality composites producer PlastiComp.
Founded in 2003 by Stephen Bowen, PlastiComp has steadily grown through its ability to replace metal and lightweight products with long fibre thermoplastic (LFT) composite formulations. Inherent benefits of LFT-based materials include high strength and stiffness, design freedom, fatigue endurance, corrosion and wear resistance, EMI shielding, and recyclability.
Through its Complēt product lines and design capabilities, the company serves global customers in a range of demanding applications, including medical devices, robots and drones, marine, and outdoor high performance equipment. PlastiComp’s 50 employees and its design and production facility in Winona, Minnesota, US, join PolyOne as part of the Speciality Engineered Materials segment.
“I’m thrilled to welcome Steve, the PlastiComp employees and their valued customers to the PolyOne team,” says Robert M. Patterson, Chairman, President and CEO of PolyOne. “We are very excited to accelerate commercial and operational investments to further expand this important composite technology as part of our advanced composites portfolio.”
“As we looked to take this business and our customers to the next level, PolyOne was the natural choice,” states Stephen Bowen. “PolyOne’s comprehensive approach to design, service and innovation in thermoplastics and composites will enable us to forge even further ahead with our LFT technology, and I’m excited that our teams have joined together in collaboration for the future.”
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