KIRKLAND, Wash.—Prism Worldwide L.L.C. was built on technologies and chemistries that turn waste tires into new elastomers. And with the Nov. 2 acquisition of CRC Polymer Systems Inc., Prism is taking its polymer expertise even further.
Financial terms and other details of the transaction were not disclosed.
The acquisition of CRC deepens Prism's capacity for product development, compounding, blending and distribution through North America, particularly in the U.S. By combining Prism's upcycled polymers with CRC's propriety compounds, Prism believes it has the potential to provide customers with new, more sustainable product offerings.
"This joining of forces between CRC and Prism creates a synergy where we can use the clean technology created by Prism and take it to the next level to better serve Prism and CRC's expanding customer base," Prism/CRC General Manager Todd Ewing said in a statement.