TARRYTOWN, N.Y.—Ampacet Corp. has agreed to acquire Australian-based Allied Color and Additives Pty. Ltd.
Ampacet said ACA specializes in color and functional additive masterbatch for the Australian and New Zealand markets. The firm is headquartered in Mitcham, Australia, which is about 17 miles east of Melbourne.
The acquisition was expected to close in July, Ampacet said, but the firm provided no further details on the status of the deal.
“We are delighted to be moving forward with bringing the capabilities of Allied Color into our fold,” Robert DeFalco, Ampacet president and CEO, said in a statement. “Continued expansion in the Asia-Pacific region has long been part of our growth strategy.”
ACA employs 40 and operates manufacturing facilities in Australia and New Zealand.
An Ampacet spokeswoman said Asia always has been a part of the firm's growth strategy. The company's existing Asia-Pacific presence consists of two plants in Thailand; plants in Shanghai and Pune, India; and sales offices in the Philippines; Kuala Lumpur, Malaysia; Shanghai; and Mumbai, India.
ACA will bring facilities in two new locations for Ampacet—Australia and New Zealand.
“The acquisition of Allied Color & Additives will further expand Ampacet's presence around the world,” the spokeswoman said. “As we finalize the acquisition, we will continue to evaluate how the combination of ACA and Ampacet products will most effectively serve our current customers and possibly expand our reach into new industry segments.”
Ampacet is a global masterbatch company that produces custom color, special effect, black, white and specialty additive masterbatches for molding and other processes and applications. It is headquartered in Tarrytown and operates 22 manufacturing sites in 15 countries with more than 1,900 employees in the Americas, Asia and Europe.