Sun Plastech Acquires of Novachem

Source: www.gulfoilandgas.com 6/1/2015, Location: North America

Sun Plastech Inc. (Parsippany, NJ), the manufacturer of the leading purging compound ASACLEAN™, announced that it has signed an agreement to purchase substantially all of the assets of NOVACHEM, a manufacturer of purging compounds located in Bridgeport, CT.

Established in 1989, NOVACHEM has been manufacturing and distributing the SuperNova™ and Novapurge lines of chemical purging compounds and the InstaPurge® line of mechanical purges.

The acquisition further expands Sun Plastech’s position as the leading provider of purging compounds in the plastics industry. With the addition of the chemical purging compound product lines together with the company’s existing ASACLEAN mechanical purging compounds, Sun Plastech can offer its customers a wide array of quality selections of purging products that meet almost any purging scenario.

These products will help thermoplastics injection molders, extruders, compounders, and blow molders maximize their production efficiency by minimizing downtime and reducing scrap. The results are greater cost savings.


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Related Categories: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 

Related Articles: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 


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