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KAFRIT: Takeover of Canadian compounder pads N. American portfolio

Israeli masterbatch producer and compounder Kafrit Industries (Negev; has announced the acquisition of Canadas Absa Resin Technologies (Cambridge, Ontario). Financial details were not disclosed.

Kafrit is expanding its engineering compoounds capacity in North America (Photo: PantherMedia/xxlphoto)

The takeover adds to Kafrits North American business, which includes Polyfil USA and Kafrit NA (previously Constab Additive Polymers). 

Related: Kafrit subsidiary Constab puts masterbatch plant onstream in China

The Canadian company focuses on compounding and recycling filled and reinforced engineering thermoplastics in smaller volumes, including tailor-made batches. Absa also conducts grinding and distribution operations.

Kafrit did not provide information on the existing capacity at Absas headquarters site in Cambridge.

The Israeli compounding groups portfolio includes colour and additive concentrates, and the company boasts a combined capacity of around 140,000 t/y. Kafrit employs a staff of 550 and most recently reported turnover of some EUR 270 mn. 

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