Leading suppliers of crosslinkable polymers for the wire & cable and PEX pipe industries join together
July 11th, 2011 – Sheboygan, WI USA– Saco Polymers Inc. (formerly known as Padanaplast USA) is pleased to announce the acquisition of AEI Compounds Ltd which is headquarted in Sandwich, Kent, UK. This transaction represents a combination of the market leaders in the U.S. and Europe/Middle East in the crosslinkable and polymer compounds manufacturing industry based on Sioplas technology. The companies share a market focus on the wire and cable and PEX plumbing pipe industries. In addition, AEI Compounds is one of the major suppliers worldwide of thermoplastic and silane crosslinkable halogen free flame retardant (HFFR) compounds to the wire and cable industry.
The acquisition of AEI Compounds with principal markets in Europe, Middle East, Asia, Africa combined with Saco’s prominence in North America is a key step in Saco’s strategy to create the first truly global manufacturing and product development platform in this industry to better serve its expanding customer base.
AEI Compounds Ltd will continue its current operations as a wholly owned subsidiary of Saco Polymers Inc. The entire senior leadership team of AEI Compounds will remain with the business and will continue to provide unparalleled service to its valued customers. Saco expects that the combination of the respective product offerings and geographic strengths will greatly expand both businesses in the coming years.
Saco was assisted in this transaction by the following professional advisors:
Eversheds LLP
Foley and Lardner LLP
RSM Tenon
Contacts
Saco Polymers – Andrea Savonuzzi 920 803 0788
AEI Compounds – Mark Shaw +44 (0) 1304 616171