Teknor Apex Buys Viking Polymers
On January 31, Teknor Apex Company, Pawtucket, RI/USA, completed the acquisition of Viking Polymers, LLC, a custom compounder with a diversified portfolio of specialty formulations and a particularly extensive involvement in rigid PVC and related materials for building and construction. The amount of the deal was undisclosed.
The purchase agreement was with Viking Polymers owner and president John Ammondson, who founded the company in 1994 and will now serve as a consultant to Teknor Apex. Based in Jamestown, NC/USA, Viking Polymers has a nominal annual compounding capacity of 50 million lbs. (23,000 metric tons). The acquired business will be part of the Teknor Apex Vinyl Division, continue to operate in Jamestown, NC, and retain all employees, according to Louis R. Cappucci, Teknor Apex vice president and head of the Vinyl Division.
According to Ammondson, the global reach of Teknor Apex will introduce to the world marketplace a range of Viking Polymers products whose application so far has been limited to North America.
“The acquisition of Viking Polymers adds substantially to our rigid PVC capabilities and represents a natural extension of our product portfolio into weatherable capstocks, CPVC compounds, and other specialties for the fast-growing building and construction market", said Cappucci. The chief applications for CPVC (chlorinated polyvinyl chloride) include hot and cold potable water systems and industrial piping. PVC, ASA, acrylic and alloys are custom formulated for applications ranging from house siding, windows, decks, railings, rainwater systems, and fences.
Would you like to subscribe to our Newsletters on plastics technology and profit from the latest information?
Looking for a new challenge? Check out our jobs market!
Patents encourage innovation: Stay on the ball with the latest innovations in the plastics industry in our patents section.