Company acquires supplier of engineered compounds
An Ohio company with a global reach has purchased a local supplier of engineered compounds for multiple industries.
Cuyahoga Falls, Ohio-based Americhem Group, a global provider of color, additive and engineered compound solutions for the polymer industry, said yesterday that it has acquired Grand Rapids-based Vi-Chem Corporation, a supplier of specialty engineered compounds used in injection molding, extrusion and blow-molding applications.
Terms of the deal were not disclosed.
The resulting company will be known as Vi-Chem, an Americhem Group company.
Vi-Chem’s headquarters in Grand Rapids encompasses 170,000 square feet and will serve as Americhem Group’s center of excellence for TPE and PVC compound solutions.
Vi-Chem employs 85 people.
“The Vi-Chem team has built a leadership position in specialty TPE and PVC compounds for the automotive industry,” said Rick Juve, CEO, Americhem Group.
In addition to the automotive market, Vi-Chem serves customers in the industrial, building, construction, medical, consumer, electrical and electronic industries.
Vi-Chem also houses research and development laboratories that are certified to the ISO/IEC 17025:2005 standard, an accreditation that certifies the capabilities of testing and calibration laboratories.
The company is also accredited to the ISO/TS 16949:2009 automotive manufacturing standard.
Bryan Kazmer, VP and general manager of Vi-Chem, said consolidating the companies will create a “broad portfolio” of products for customers.
Juve said Americhem looks forward to providing further resources to expand the business geographically and also into Americhem's other vertical markets.
“This is about bringing continual innovation and broadened solutions to our customers across the globe,” Juve said.
John Deignan, president of Americhem, said the Vi-Chem purchase is strategic and “further expands our automotive portfolio of products and services.”
“The automotive and transportation industry is already one of the pillars of our business, and this move adds capabilities and technological innovations that will benefit Americhem Group’s customers and the industry as a whole,” Deignan said.
Americhem Group’s portfolio includes Americhem color and additive solutions, Infinity LTL engineered compounds and now Vi-Chem TPE and PVC compounds.
The group employs about 800 people across 10 manufacturing and technical service sites across the Americas, Europe and Asia.