PSG's most recent acquisition was the purchase of the Alkon business and its equipment from Stephenson Group Ltd. in late September. Based in Leeds, England, the firm is a manufacturer of anti-tack products used in the rubber industry.
Alkon will continue operating out of a Stephenson facility in Leeds, Ivany said, and PSG's machinery will remain at the site. Stephenson will continue to produce Alkon products for PSG from the plant, he said.
The acquired company's technology and geographical scope complements Sasco's rubber anti-tack agent operation in North America and, Ivany said, broadens PSG's product offerings and accelerates the building of its global additives business.
He said the acquired company's "premium anti-tack products, customer service and support fit perfectly with Sasco's state of the art anti-tack slurry systems and unmatched customer service. By coupling Sasco and Alkon with Flow Polymers, PSG continues to expand our rubber processing additives business foundation and global footprint."
Adding Alkon further expands PSG's suite of technologies, said Sal Gagliardo, chairman of PSG and industry and operations partner of New York-headquartered Arsenal Capital Partners, the parent of PSG.
He said Arsenal is committed to support the rapid growth of PSG "and will continue to pursue strategic investments that will further transform the company."
PSG was formed in June 2015 when Arsenal purchased Rome-based Peach State Labs Inc., a producer of specialty polymers and performance chemicals, produced principally for the construction and lubricants markets. Peach State has plants in Rome and Dalton, Ga.
Arsenal moved quickly from that initial acquisition to expand the business quickly.
In February 2016, PSG bought Flow Polymers L.L.C. to move the polymer solutions operation into the tire, automotive, industrial, wire and cable, and plastics markets. A producer of proprietary and custom chemical dispersions, process aids and homogenizing agents, Flow Polymers gave the business two more production plants, both located in Cleveland.
Equally important, Ivany, a 30-year veteran of the chemicals industry, was the president and CEO of Flow Polymers and he was elevated to the same posts at PSG.
That purchase was followed by the acquisition of Sasco Chemical Group Inc. in Albany, Ga., in mid-June. A producer of specialty chemicals for the rubber, wood, consumer and medical industries, the company is a leading producer of rubber anti-tack agents in North America with its PolyCoat, TechKote and Sasco Cote product lines.
In addition to its production plant in Albany, Sasco operates a research and development center in Macon, Ga. It produces more that 1,200 products and distributes them globally.
That set the stage for PSG to expand overseas with the addition of Alkon.