CLINTON, Tenn. – Techmer PM, a major producer of value-added colors and additives for the plastics and fiber industries, has announced the addition of TP Composites to its engineered compounds business. TP Composites (TPC), a privately held custom formulator and engineered plastics manufacturer that was founded in 1994 and based in Aston, Pa., will be wholly owned by Techmer PM and operate under the Techmer Engineered Solutions (TES) business unit.
“TP Composites is a great fit for our engineering compounds business, which we continue to develop with our long-time partner Mitsui Plastics, Inc., and is another key step in our growth initiative for the TES business,” said John Manuck, chairman & CEO of Techmer PM. “TP Composites brings an array of complementary products and talented personnel to our existing TES group.”
Since its launch, TES has embarked on a strategic growth initiative, and the acquisition of TPC will aid in the continued expansion into the business machines, automotive, aerospace, oil and gas, consumer products, medical, and electrical and electronic industries. All TPC managers and other personnel will join TES and continue to work out of the facilities in Aston, Pa.Tagged with tED