A. Schulman, Inc. (Akron, OH)) has acquired Australian compounder Compco Pty. Ltd. (Mordialloc, Victoria) for $6.7 million in cash.
Compco manufactures a variety of plastic compounds and products including filled and reinforced compounds, masterbatches and custom performance colors. Key markets include packaging, wire & cable and pipe. Compco achieved revenues of nearly $15 million for its fiscal year ending June 30, 2014.
Among Compco's products are a range of thermoplastic elastomers (TPEs) for such applications as synthetic closures (corks) for the wine industry, soft feel applications in housewares, and seals and gaskets.