SIMONA AMERICA INC. acquires Laminations Inc.
Fri, 10 January 2014 | Subj: Press-releses
SIMONA AMERICA INC., Hazleton, PA, USA, a wholly owned subsidiary of SIMONA AG, Kirn, Germany, announces its acquisition of Laminations Inc., with headquarters and operations in Archbald, PA, USA.
Laminations Inc. is a leading US manufacturer of high-density polyethylene (HDPE) and fluoropolymer sheet products and lining laminates. SIMONA AMERICA, a major producer of polyolefins and PVC sheet and rod products, supplies the North American market primarily through its authorized distributor network.
According to Michael Schmitz, SIMONA AMERICA President, the acquisition provides a broader range of products, production methods and more production capacity to capitalize on the potential for growth in the North American market. Wolfgang Moyses, CEO of SIMONA Group, states: “This acquisition is part of the global strategy adopted by the SIMONA Group to penetrate growth industries and establish significant positions for its plastics in all international regions.”
Laminations’ capabilities in HDPE include unique color technologies and an extensive product range developed for applications in outdoor recreational structures, signage, furniture and the marine industry. Its high performance products, marketed under the “Lamcorr” brand, include flameinhibiting PP, PVDF, PFA, E-CTFE and a proprietary grade of PVC, and are used widely in applications for semiconductor and chemical processing equipment. These products complement SIMONA AMERICA’s extensive product portfolio which includes sheets made of PVC Type I, PVC VS I, polypropylene homopolymer and copolymer as well as solid rods. The combined product lines and capabilities position the company as a market leader for semi-finished plastic products in the semiconductor and chemical process industries.
Michael Lynch, President and CEO of Laminations Inc., will manage the new SIMONA AMERICA entity as Chief Executive Officer. “This is an exciting step for all of us”, he stated. “The combination of products, market expertise and technologies strengthens our established position in the semiconductor and chemical processing industries. It also brings more value, service efficiency and growth potential to the network of distributors who support our product lines throughout North America.”