Sabic Innovative Plastics Buys RheMax Product Line
As part of an ongoing effort to reaffirm and further strengthen its long-term commitment to the North American auto industry,
Sabic Innovative Plastics is going to acquire the RheMax product line from RheTech, Inc., of Whitmore Lake, MI/USA. Under the terms of agreement, RheTech will be the toll manufacturer of Sabic Innovative Plastics’ Stamax* LGFPP (long glass fiber-filled polypropylene) resins, which were launched in North America in September 2008. This acquisition enables Sabic Innovative Plastics to immediately fulfill North American automotive OEM and tier product needs from local production.
As a part of this agreement, existing RheMax products will be integrated under the Stamax resin product line and brand name. Product formulations will be kept the same to ensure that Stamax resin material properties and performance are maintained. The transaction includes only the RheMax product line. RheTech will continue to provide its other compounded polyolefin products and services to its customers.
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