Composites One acquires Polynt Composites Distribution
Polynt will continue to own and operate its resin and gel coat blending operations in Brampton and Drummondville.
ARLINGTON HEIGHTS, Ill. — Composites One, a North American supplier of composites raw materials, has purchased Canadian-based Polynt Composites Distribution from Polynt-Reichhold Group, a manufacturer of thermoset resins, gel coats and other raw materials for the composites market.
Polynt Composites will continue to own and operate its resin and gel coat blending operations in Brampton, Ont. and Drummondville, Que., providing its products to Composites One and the market.
“This divestiture reflects Polynt-Reichhold’s commitment to concentrate its resources on manufacturing industry-leading resins, gel coats, and other specialties, while maintaining a critical channel to market through our important distribution partner, Composites One,”said Harold Visser, executive vice-president Americas.
No financial details were released.
Composites One serves customers from 41 locations in the US and Canada.