Songwon Industrial Group has acquired Additives Technology Greiz (ATG), a German maker of One Pack Systems (OPS) products, which combine several additives into an integrated dust-free pellet. Songwon's OPS products are sold under the Songnox OPS brand, and the company says the market for OPS has been enjoying consistent growth as compounders and polymer producers more efficient production technology.
ATG was founded 5 years ago and has enjoyed double digit annual growth rate and expansion of its market share since that time, according to Songwon. In addition to greater access to global markets, ATG officials said the back integration of antioxidant production, which is a key component for OPS, that Songwon brings to the table, will allow it to achieve even greater growth. ATG noted that due to "remarkable growth in 2009", the company was able to significantly expand its production and warehouse space and invest in new equipment.