Teknor Apex recently completed the acquisition of Viking Polymers, a custom compounder with a portfolio of specialty formulations with a focus on rigid PVC and related materials for building and construction. The amount of the deal was undisclosed.
The purchase agreement was with Viking Polymers owner and president John Ammondson, who founded the company in 1994 and will now serve as a consultant to Teknor Apex. Based in Jamestown, NC, Viking Polymers has a nominal annual compounding capacity of 50 million lb. (23,000 metric tons). The acquired business will be part of the Teknor Apex Vinyl Division, continue to operate in Jamestown, NC, and retain all employees, according to Louis R. Cappucci, Teknor Apex vice president and head of the Vinyl Division.
"While most of the business of the vinyl division of Teknor Apex has historically centered on flexible compounds, rigid PVC plays an increasingly important role in our continued growth," Cappucci said. "The acquisition of Viking Polymers adds substantially to our rigid PVC capabilities and represents a natural extension of our product portfolio into weatherable capstocks, CPVC compounds, and other specialties for the fast-growing building and construction market."