Product category:
Materials and components
News Release from: Accel Corp
Edited by the Engineeringtalk Editorial
Team on 05 December 2003
Colourful acquisition
Accel Corp is acquiring Polytech Color and Compounding of Ontario, California.
Accel Corp is acquiring Polytech Color and Compounding of Ontario, California Accel will invest in relocating Polytech into a larger facility with expanded capacity and laboratory and product development resources
This article was originally published on Engineeringtalk on 6 Jul 2004 at 8.00am (UK)
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Formed in 2000 by industry veteran Brian Cochran, Polytech produces colour and additive concentrates, liquid colour dispersions and precolour compounds for the plastics industry.
Cochran will serve as General Manager for Accel's new operation, which will operate under the Accel Color name.
With the acquisition, Accel continues its expansion in an economically challenged market.
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In September, Accel announced the addition of its Knoxville, Tennessee, facility.
The acquisition of Polytech furthers Accel Color's stated objective to provide comprehensive, nationwide services from sites close to each customer.
"A Western manufacturing capability is an important step in solidifying our growing national presence", said Dwight Morgan, Chief Executive of Accel Corp.
"Polytech gives us a good foothold from Washington state to Mexico, a foothold we intend to expand upon.
This investment in the acquisition and new facility is part of Accel's long-term commitment to support Polytech's and Accel's West Coast customers".
"We're delighted to become part of Accel Color", said Cochran, "as our historical focus on small lots and quick service makes a perfect match with Accel's business model that focuses resources on serving small, as well as larger customers.
This acquisition gives Polytech access to resources and a national network of facilities that we would have spent years developing on our own".
Cochran added that under Accel ownership, Polytech will relocate and expand the operation from its current 650m2 site into a 2300m2 site in the Ontario, California, area.
"We're in the final stages of site selection", he said.
Prior to the acquisition, completed earlier this year, Polytech had a full product development lab, two extrusion lines, and a liquid colour manufacturing capability.
"Since the Accel affiliation began earlier this year, investment has moved forward to add laboratory equipment, upgrade our formulation software, increase blending capacity and add extrusion capacity with two new twin-screw extruders", said Cochran.
"We're also expanding our sales, customer service, and technical departments".
Polytech's specialised product offerings include liquid colour concentrates with pigment loadings as high as over 80% and innovative precolour compounded alloys used in applications such as dairy handling products and business machines.
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