AFC Materials Group is a turnkey company of about 200 people that remains a design-for-purpose firm with about 85 percent of its sales coming via PTFE- and silicone-coated products for high-temperature, non-stick applications.
And while the Lake in the Hills, Ill.-based firm has become a leaner operation, it's also looking to grow into new markets.
"We are an engineered materials provider, from engineered resins using silicone and PTFE, to where we also play in a space that includes non-commodity resins, where we are dealing with premium stuff," said Chris Lewis, president of AFC Materials Group.
AFC continues its fabrication and converting services for lightweight belting, fabrics and pressure-sensitive adhesives, but has pivoted since about 2012 toward increased coating capacity.
"We branched out using the same technical prowess," Lewis said. "We started with PTFE and silicone, but we are coating things all over the place now. Our goal is to really look at where the world is moving.
"How do you make your pond bigger? How do you turn a pond into a lake, and your lake into an ocean? That's really how you define success. The PTFE-silicone market really is a pond. How do we expand to that next size?"
AFC's intellectual property portfolio is evidence of this forward-looking philosophy, as the company obtained its 15th patent with a thermoformed product.
"We work in both HCR and LSR, no injection molding," said Michael Baker, chief commercial officer for AFC. "We are doing things that are not even coated anymore, with our own IPs around thermoformed and injection-molded products. Our goal is really playing in a space that is above a certain temperature range and what solutions we might be able to offer that are in that range.
"It might be PTFE, it might be silicone or it might be a thermoplastic."