Techmer PM announces that it has signed an agreement to acquire color and additive compounder Advanced Color Technologies (ACT).
The combined technology and capabilities of the two organizations will expand Techmer’s position as the innovation leader for colorants and additives in the synthetic fibers segment. The deal is expected to close by August 31. Terms of the transaction were not disclosed.
Leveraging Combined Experience & Technologies
Located in Dalton, Ga., Advanced Color Technologies, LLC, designs, formulates, and supplies specialty colorant and additive systems that add value to their customers’ products, with world-class quality.
This acquisition demonstrates Techmer’s commitment to the fibers and plastics industries through investment in high-quality people and assets to stimulate continued innovation in the market. Russ Neuman, who founded ACT in 2013, has been in the industry for over four decades and will be Techmer PM’s vice president reporting to CEO Michael McHenry.
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We look forward to welcoming Russ and the talented team at ACT to Techmer PM,” said McHenry. “
By leveraging the combined experience and technologies of both organizations, we can provide our customers unparalleled support in achieving their product innovation and sustainability goals.”
Techmer expects this acquisition to improve its customers’ experience with added resources in synthetic fibers and other industries with the expansion of sales, marketing, technology, and manufacturing capabilities.
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Techmer’s technology leadership and commitment to quality made Techmer the ideal company for this integration,” said Neuman. “
The industry views Techmer as an innovation leader, with their Fibertech conference being one of the year’s most eagerly anticipated industry events.”
Source: Techmer PM LLC