Page 48 - Plastics News April 2020
P. 48

Pregis  acquires  Italian  temporary  protective        APS  Elastomers  purchases  new  facility  to
          films manufacturer                                       change its headquarters

             regis has acquired So. Pr. Ad. SRL (Soprad) of Milan,   PS  Elastomers,  a
          PItaly,  a  global  provider  of  temporary  protective   Al e a d i n g
          films.  Going  forward,  Soprad's  products  will  be    t h e r m o p l a s t i c
          marketed under the Pregis' PolyMask brand and will      elastomer  supplier
          further  reinforce  its  offerings  to  a  growing  global   since  2009,  recently
          market. PolyMask products include temporary surface
          protection films and specialty films. Pregis President    p u r c h a s e d   a   n e w
                                                                  facility  and  is  moving
                                                                  their  operations  from
                                                                  Romulus, Michigan to a
                                                                  larger facility in nearby
                                                                  Westland,  Michigan.
                                                                  The  expansion  allows
                                                                  APS  to  double  the
                                                                  volume of various thermoplastic elastomers, among
                                                                  the styrenic-based TPEs, TPVs and TPUs (polyester and
                                                                  polyether  thermoplastic  polyurethanes),  as  well  as
                                                                  create a state-of- the- art product testing laboratory.
                                                                  “Thanks  to  our  customers'  steady  volume  increase
                                                                  over the past few years, we decided it was time to
                                                                  purchase  a  larger  facility  in  order  to  handle  our
                                                                  substantial  growth”,  says  Stephane  Morin.  APS
                                                                  Elastomers is a full-service warehousing, distribution,
          and CEO Kevin Baudhuin said: “Soprad has a 40-year      and  technical  service  organization  dedicated  to
          track  record  of  supplying  performance-oriented      providing  TPE,  TPV,  TPU  and  other  elastomer
          adhesive  protective  films  for  a  variety  of  surfaces   marketers and processors with all their product and
          including metal, plastic, glass and carpet. Its robust   technical support needs. APS Elastomers is owned and
          European customer base provides an ideal foundation     operated by two of the industry's leading marketing
          from which to expand the availability of our existing
          temporary  adhesive  film  products.  The  acquisition   and technical support executives, Roger J. Huarng and
          strengthens  Pregis'  position  as  a  leading  global   Stephane Morin; working with a series of independent
          producer of surface protection films.” Additionally, the   technical  agents  located  in  cities  throughout  North
          integration  of  Soprad  products  means  that  Pregis   America. “The foundation of our success is our ability
          PolyMask will now be able to expand its product range   to source material globally from our manufacturing
          to  include  solvent-rubber  and  solvent-acrylic  based   partners,  develop  new  products  and  proprietary
          product  solutions  to  the  global  marketplace.  These   formulas while offering outstanding technical service;
          solutions  provide  immediate  market  opportunities,   ensuring we provide quality elastomers at the most
          particularly  for  the  metals  and  automotive  market   competitive  pricing”,  says  Mr.  Morin.  Company
          segments. “The acquisition also creates an opportunity   offerings  include  APS  Elastomers'  private  brand  of
          to share best practices and increase our manufacturing   TPEs;  Viprene®  TPVs,  Zythane®  TPUs,  TPE  alloys,
          capacity so that we can support future market needs,”   compounding  series,  and  custom  and  standard  soft
          Baudhuin  added.  The  Soprad  acquisition  is  the  first
          acquisition  under  Pregis'  new  private  equity  owner,   elastomer formulations, as well as Maxelast® TPEs.
          Warburg Pincus. This is the latest example of Pregis'   With the recent coronavirus affecting major domestic
                                                                  TPE  suppliers,  APS  Elastomers  positioned  itself  to
          continued investment in the European marketplace.
          The company also recently announced the opening of      provide material desperately needed for health care
          Pregis  Europe's  Customer  Experience  and  Paper      and  medical  applications  to  the  North  American
         Specialist Centre in Stevenage, UK, as well as a Film    market; helping small and medium manufacturers get
         and  Foam  Specialist  Centre  in  Heerlen,  the         through  these  difficult  periods  by  significantly
         Netherlands.                                             increasing its inventory and managing its supply chain.





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