Hazleton, PA -- 10 January 2014 -- SIMONA AMERICA INC., Hazleton, PA, USA, a wholly owned subsidiary of SIMONA AG, Kirn, Germany, announces its acquisition of Laminations Inc., with headquarters and operations in Archbald, PA, USA.
Laminations Inc. is a leading US manufacturer of high-density polyethylene (HDPE) and fluoropolymer sheet products and lining laminates. SIMONA AMERICA, a major producer of polyolefins and PVC sheet and rod products, supplies the North American market primarily through its authorized distributor network.
According to Michael Schmitz, SIMONA AMERICA President, the acquisition provides a broader range of products, production methods and more production capacity to capitalize on the potential for growth in the North American market. Wolfgang Moyses, CEO of SIMONA Group, states: “This acquisition is part of the global strategy adopted by the SIMONA Group to penetrate growth industries and establish significant positions for its plastics in all international regions.”
Laminations’ capabilities in HDPE include unique color technologies and an extensive product range developed for applications in outdoor recreational structures, signage, furniture and the marine industry. Its high performance products, marketed under the “Lamcorr” brand, include flame-inhibiting PP, PVDF, PFA, E-CTFE and a proprietary grade of PVC, and are used widely in applications for semiconductor and chemical processing equipment. These products complement SIMONA AMERICA’s extensive product portfolio which includes sheets made of PVC Type I, PVC VS I, polypropylene homopolymer and copolymer as well as solid rods. The combined product lines and capabilities position the company as a market leader for semi-finished plastic products in the semiconductor and chemical process industries.
Michael Lynch, President and CEO of Laminations Inc., will manage the new SIMONA AMERICA entity as Chief Executive Officer. “This is an exciting step for all of us”, he stated. “The combination of products, market expertise and technologies strengthens our established position in the semiconductor and chemical processing industries. It also brings more value, service efficiency and growth potential to the network of distributors who support our product lines throughout North America.”
About SIMONA AMERICA
SIMONA AMERICA INC. is a subsidiary of SIMONA AG, one of the leading manufacturers and development partners of high quality thermoplastic products. The product range includes sheets made of PE, PP, rigid and expanded PVC. Beyond its current domestic production, SIMONA AMERICA offers the complete SIMONA Group product line of compression molded sheets, extruded solid and hollow rods, welding rods as well as pipes and fittings. This full line furthers the offerings in PVDF, E-CTFE, CPVC, EVA and PETG base materials as well as static dissipative, conductive, flame retardant and UV stabilized systems.
SIMONA AG is a manufacturer of thermoplastic products with production facilities and sales offices around the globe. The company's product portfolio includes semi-finished products (sheets, rods, profiles, welding rods), pipes and fittings as well as finished parts. SIMONA employs approx. 1,200 people worldwide. In total, 35,000 products for a diverse range of applications are manufactured at facilities in Germany and abroad. Annual production exceeds 100,000 tonnes. SIMONA AG is a stock corporation listed in the General Standard. The company's registered office is in Kirn, Rhineland-Palatinate (Germany).
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