Resins suppliers Reichhold (Research Triangle Park, NC, US) and Polynt Composites (Carpentersville, IL, US) are in the midst of consummating a 50/50 merger that will, when complete, mark a substantial change in the Compoties industry's resin supply chain.
Dale M. MacDonald, VP commercial, North America, at Reichhold, told CW at CAMX 2016 last week that the merger has been approved by American regulatory authorities, but that European Union authorities are still reviewing the deal. The hope, he said, is that it will be approved by the end of 2016.
Until then, how the merged companies might present themselves to the market remains to be seen. MacDonald says it’s not been decided what will become of the Reichhold and Polynt names post-merger, but he did point out that the former celebrates its 90th anniversary in 2017.
Reichhold is owned by Black Diamond Capital Management LLC. Polynt is owned by Investindustrial. If the merger is approved, each company will have a 50% share, with management provided by a six-person board.
On the composites process side of the business, MacDonald said it’s business as usual and noted that Reichhold is working right now, in cooperation with the Institute for Advanced Composites Manufacturing Innovation (IACMI, Knoxville, TN, US), to apply its Advalite vinyl hybrid monomer-free resin to automotive structures. It offers, he said, a cure time of 45-60 seconds and a Tg of 150°C, which makes it suitable for the electrophoretic (E-Coat) painting process.
Editor PickChomarat announces 35 million euro investment plan
Part of the development strategy will focus on two new sectors for the company: aerospace and automotive.