RTP acquires production facilities from Alloy Polymers

Winona, Minnesota – RTP Co., a global compounder of custom engineered thermoplastics, has announced the acquisition of three production facilities from Alloy Polymers Inc., a provider of specialty, value-added thermoplastic compounding services. The three plants, located in Richmond, Virginia; Crockett, Texas; and Orange, Texas, will be merged with the previous RTP Co. acquisition of Alloy Polymers’ Gahanna, Ohio plant. Cary Street Partners LLC represented Alloy Polymers in both transactions. The group will be run as Alloy Polymers Inc., a wholly owned subsidiary of RTP Co., and will be headquartered in Richmond, Virginia.

 

Long time RTP Company executive Peter Ploumidis has been tapped to lead Alloy Polymers as president of the organization. “Alloy Polymers and RTP Co. share a vision of serving customers as true partners, and complement each other perfectly,” says Ploumidis. “Alloy Polymers will continue to provide high-volume compounding production services for contract manufacturers, and RTP Co. will continue developing custom engineered thermoplastic compounds for molders and OEMs. Between the two, customers will benefit from a full spectrum of products and services designed to fit their specific needs.” 

 

With a compounding capacity in excess of half a billion pounds annually, the Alloy Polymers’ facilities will strengthen RTP Co.’s position in the high-volume contract manufacturing sector. “The addition of the Alloy Polymers’ facilities demonstrates RTP Co.’s commitment to provide customers with the widest selection of compounding solutions,” said Hugh Miller, president and CEO of RTP Co.

 

Ploumidis, who has previously run subsidiaries for RTP Co., views the acquisition as an important step for both companies. “Alloy Polymers has an excellent staff and tremendous capabilities. It is exciting to continue to build relationships and expand thermoplastic compounding solutions for both Alloy Polymers and RTP Co. customers.”

 

Source: RTP Co.