Composites One acquires Polynt Composites Distribution
Canadian-based Polynt Composites Distribution manufactures thermoset resins, gel coats and other raw materials focused on the composites market.
Composites One President and COO Leon Garoufalis announced the company’s acquisition of Polynt Composites Distribution to employees and customers on Dec. 2, 2019.
North American composites raw materials supplier and services provider Composites One (Arlington Heights, Ill., U.S.) has announced that it has closed on the purchase of Canadian-based Polynt Composites Distribution from Polynt-Reichhold Group, a North American manufacturer of thermoset resins, gel coats and other raw materials focused on the composites market.
According to Composites One, Polynt Composites will continue to own and operate its resin and gel coat blending operations in Brampton, Ontario and Drummondville, Quebec, to provide these products to Composites One and the market.
“This divestiture reflects Polynt-Reichhold’s commitment to concentrate its resources on manufacturing industry leading resins, gel coats and other specialties, while maintaining a critical channel to market through our important distribution partner, Composites One,” says Harold Visser, executive vice president Americas.
“Composites One has been committed to expanding our business by providing real value to our customers. By combining the talented and experienced people from both organizations, we are creating an even stronger platform to service Canadian customers who produce products using advanced and traditional composites products and processes. Our goal with this acquisition is to provide all of our customers in Canada with the products, support and service to help them to grow their businesses and be successful,” says Leon Garoufalis, president and chief operating officer of Composites One.
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