STREETSBORO, Ohio—PVC compounder Aurora Plastics L.L.C. for the first time is expanding into thermoplastic elastomers with the acquisition of S&E Specialty Polymers of Lunenburg, Mass., the Streetsboro-based company said on Oct. 10.
Financial terms of the deal were not disclosed.
In addition to TPEs, S&E Specialty Polymers has flexible PVC capabilities, the release said. The Massachusetts plastics and polymers facility also produces CPE, TPO, plastic concentrates and LSOH compounds.
"S&E has a strong history of solving customer problems with unique compound solutions, combined with a strong focus on customer service and response," Aurora Plastics CEO Darrell Hughes said in the release.
Aurora Plastics—which in 2016 was purchased by Chicago-based equity firm Wind Point Partners—in June acquired Reinier Plastics Inc. of Marieville, Quebec. Aurora Plastics also runs a compounding plant in Welcome, N.C.
This latest acquisition not only moves the company into TPEs, it also expands its supply chain across the United States and Canada, the release said.
"Aurora is a great company and was an outstanding choice to build on S&E's legacy of providing top-tier innovation, strong customer service and leading product quality," S&E CEO Steven Graham said in a statement. "Partnering with Aurora further accelerates S&E's growth. These are exciting times."
S&E Specialty Polymers was founded in 2005 and makes advanced polymers, custom plastics and compounds for applications in the automotive, wire and cable, battery and footwear industries, as well as consumer, industrial and general applications. The company, which invests heavily in R&D, the release said, also specializes in flame-retardant plastic compounds.
Founded in 1997, Aurora Plastics offers a wide range of PVC compounds in both pellet and powder form. Prior to the S&E acquisition, the company employed about 130 people at its three sites.