ALPHARETTA, Ga. (Sept. 17, 2010)—Hanson Group L.L.C. has expanded its capabilities significantly with the purchase of urethane parts producer Aragon Elastomers L.L.C.
With the acquisition, Hanson Group branches out into manufacturing, gains a production arm, and the expertise of Aragon Elastomers' founder and president, Chuck Demarest, a leading-edge chemist and visionary, said Lee Hanson, president of the group. Financial details were not disclosed.
Aragon Elastomers operates a manufacturing and research and development facility in Louisville, Colo. The business utilizes part of a 70,000-sq.-ft. complex owned by Demarest. The remainder of the site is occupied by two other businesses.