Skip to main content
Sister Publication Links
  • European Rubber Journal
  • Plastics News
web
Subscribe
  • Login
  • Register
  • Subscribe
  • News
    • International Elastomer Show
    • Automotive
    • Tire
    • Non-Tire
    • Suppliers
    • Executive Action
    • Government/Legal
    • ITEC
    • Opinion
    • Technical Notebooks
    • HEXPOL Sponsored Content
    • Starting young: Rubber Division targets high schools to fill talent gap
      ChemSpec enjoying busy 2019 with new agreements, division
      view gallery
      18 photos
      Rubber Division honors leaders, students at Business and Awards Meeting
      view gallery
      9 photos
      Rubber Division wraps up 2019 International Elastomer Conference
    • As e-commerce grows, companies seek best ways to get products to customers
      ContiTech acquires CRP's belt kits program
      Firestone air spring looks to lighten the load in China
      Auto parts makers pay $23 million to settle price fixing case
    • As e-commerce grows, companies seek best ways to get products to customers
      Steelastic names new president
      Tyromer appoints chair of board
      In the workplace, two languages are spoken
    • As e-commerce grows, companies seek best ways to get products to customers
      Reveyron partners with Beltservice for distribution
      ContiTech acquires CRP's belt kits program
      Firestone air spring looks to lighten the load in China
    • Maroon unit Addipel moves to larger site in Ohio
      AMBA files formal request to bring back tariffs on Chinese molds
      Corporate responsibility a global venture for Chemours
      Steelastic names new president
    • Steelastic names new president
      Tyromer appoints chair of board
      Kent Elastomer promotes two
      3D specialist Carbon hires former DuPont CEO Kullman as new leader
    • AMBA files formal request to bring back tariffs on Chinese molds
      Auto parts makers pay $23 million to settle price fixing case
      USTMA aims to raise scrap tire recovery rate
      Aeolus, Onyx discussing truck, bus tire joint venture in Sri Lanka
    • Goodyear finds traction with soybean oil
      Cassioli expands with sales office in Alabama
      Rodolfo Comerio looks forward as it celebrates past
      Editorial: Innovation often follows its own path, timetable
    • Column: Lessons from Best Places to Work
      Editorial: Cooper Standard a sign of changing automotive times
      Editorial: Hose industry makes big strides in safety focus
      Column: Meeting new faces at Rubber Expo
    • SSBR, bio-sourced plasticizer for conveyor belt use
      EPDM solution for automotive dense weatherstrip
      High heat resistant EPDMs for auto hose uses
      Rubber standards in today’s world economy
    • Sponsor Content
      Rubber in Transportation and Tire
      Sponsor Content
      Rubber in Wire and Cable
      Sponsor Content
      Process Control Systems Ensure Consistency and Lot Traceability While Protecting Proprietary Formulations
      Sponsor Content
      Reasons for Using Performance Additives
  • Blogs
    • Products
    • Wacky World of Rubber
    • New Products: Master Bond rolls out thermally conductive epoxy sealant
      New Products: Lanxess introduces vulcanization accelerator
      Covestro's CO2 technology earns Germany's President's prize
      New Products: LSR 3D printing technology spotlighted at K Show
    • Wacky World of Rubber: Floating ideas for the future of mobility
      Wacky World of Rubber: Goodyear, rubber industry make parade part of Thanksgiving traditions
      Wacky World of Rubber: How to make your own Halloween mask
      Wacky World of Rubber: 'Ode to a Tire'
  • Newsletters
    • Rubber in Automotive
    • Silicone News
    • Latex News
    • Sign Up for Newsletters
    • As e-commerce grows, companies seek best ways to get products to customers
      ContiTech acquires CRP's belt kits program
      Firestone air spring looks to lighten the load in China
      Auto parts makers pay $23 million to settle price fixing case
    • Starting young: Rubber Division targets high schools to fill talent gap
      Column: Lessons from Best Places to Work
      New Products: LSR 3D printing technology spotlighted at K Show
      Rubber parts makers invest in Central, Eastern Europe
    • Starting young: Rubber Division targets high schools to fill talent gap
      Kent Elastomer promotes two
      Corrie MacColl details landmark collaboration in Cameroon
      Natural rubber producers signal decline in production
  • Multimedia
    • Videos
    • Photo Galleries
  • Directory
  • Resources
    • Classifieds & Mold Mart
    • Data Store
    • Digital Issue
    • White Papers
  • Events
    • RPN Conferences
    • RPN Live
    • Events Calendar
    • Submit an Event
    • Webinars
    • Past Events
  • Advertise
MENU
Breadcrumb
  1. Home
  2. News
May 02, 2017 02:00 AM

Acquisitions create specialty compounder Alterra Holdings

Frank Esposito
Plastics News
  • Tweet
  • Share
  • Share
  • Email
  • More
    Print

    CHATHAM. N.J.—Investment firm Beaconhouse Capital Management L.L.C. has combined several plastics materials assets to create Alterra Holdings L.L.C.

    Chatham-based Beaconhouse acquired all three parts of Alterra in 2016, with a goal of pursuing specialty plastic acquisitions in the elastomer space, Chief Financial Officer Saquib Toor said in an April 25 phone interview.

    It first acquired bioplastics firm Trellis Earth Products Inc. of Wilsonville, Ore. Trellis had marketed bio-based finished products and also had operated a bioplastic materials plant in Seymour, Ind., that it acquired from Cereplast Inc. in 2014.

    Beaconhouse next became a majority owner of Compounding Engineering Solutions Inc., the Clifton, N.J.-based compounder, which also includes Harmony Elastomers. CES was co-founded in 1999 by industry veteran Arash Kiani.

    The final acquisition—so far—for Beaconhouse was the polymer asset base of Metabolix Inc. That deal included lab equipment, an extrusion line and more than 1.8 billion pounds of ? polyhydroxyalkanoate resin.

    "We were trying to find the best compounder, and we found CES," said Toor, who also serves as a managing partner for Beaconhouse. "We've changed the model of the other businesses to reflect what CES was doing."

    Alterra now employs 35 in Clifton and Seymour. The firm aims to add 15 more employees, mainly in technical support and development, by 2019.

    Sales for 2017 are expected to be around $10 million. The Clifton and Seymour sites operate a total of eight production lines with annual production capacity of more than 100 million pounds.

    Alterra also is selling more than 2,000 cases per month of bioplastic-based food plates, which it makes in Seymour. Toor said the firm is willing to sell that part of the business.

    Moving ahead, Alterra will focus on its cross-linked EPDM and butyl materials—which are used in adhesives, automotive and construction—as well as on its thermoplastic vulcanizates and SEBS-type thermoplastic elastomers. The firm's TPVs will be aimed at automotive uses, while its SEBS materials will be targeted for consumer products markets.

    Bioplastics "will be part of the portfolio," Toor said.

    Alterra soon will be launching a new distribution website that will include product pricing. Toor said the website will provide greater transparency and establish Alterra as "price leaders." Eventually, Alterra wants all of its customers to order via its site.

    Kiani now serves as president of Alterra. In addition to CES, he has previous experience at extrusion machinery firm Coperion.

    Alterra officials added that the firm "is well funded with equity" and will pursue more acquisitions of smaller companies with unique end market presence or elastomer technology.

    Letter
    to the
    Editor

    Rubber & Plastics News wants to hear from its readers. If you want to express your opinion on a story or issue, email your letter to Editor Bruce Meyer at [email protected].

    SIGN UP FOR FREE NEWSLETTERS
    EMAIL ADDRESS

    Please enter a valid email address.

    Please enter your email address.

    Please select at least one newsletter to subscribe.

    Get our newsletters

    Staying current is easy with Rubber & Plastics News delivered straight to your inbox, free of charge.

    Subscribe Today

    Subscribe to Rubber & Plastics News to get the best coverage and leading insights in the industry.

    SUBSCRIBE
    Connect with Us
    • LinkedIn
    • Facebook
    • Twitter

    MISSION

    To serve companies in the global rubber product industry by delivering news, industry insights, opinions and technical information.

    web
    Contact Us

    2291 Riverfront Pkwy, Suite 1000
    Cuyahoga Falls,
    OH 44221

    Customer Service:
    877-320-1726

    Resources
    • About Us
    • Digital Edition
    • Contact the Staff
    • Advertise
    • Order Reprints
    • Privacy Policy
    • Terms of Service
    • Ad Choices Ad Choices
    • Sitemap
    Partner Sites
    • Tire Business
    • European Rubber Journal
    • Plastics News
    • Plastics News Europe
    • Plastics News China
    • Plastics & Rubber World
    • LSR World
    • Urethanes Technology
    • Automotive News
    • Autoweek
    • Crain Brands
    Copyright © 1996-2019. Crain Communications, Inc. All Rights Reserved.
    • News
      • International Elastomer Show
      • Automotive
      • Tire
      • Non-Tire
      • Suppliers
      • Executive Action
      • Government/Legal
      • ITEC
      • Opinion
      • Technical Notebooks
      • HEXPOL Sponsored Content
    • Blogs
      • Products
      • Wacky World of Rubber
    • Newsletters
      • Rubber in Automotive
      • Silicone News
      • Latex News
      • Sign Up for Newsletters
    • Multimedia
      • Videos
      • Photo Galleries
    • Directory
    • Resources
      • Classifieds & Mold Mart
      • Data Store
      • Digital Issue
      • White Papers
    • Events
      • RPN Conferences
      • RPN Live
      • Events Calendar
      • Submit an Event
      • Webinars
      • Past Events
    • Advertise