Plastics Color Corp. acquires Arizona-based Polysource and its Pinnacle Color subsidiary to better position itself in North American liquid color market, expand in Mexico, Central and South America
Liling Tan
CALUMET CITY, Illinois
,
August 5, 2011
(press release)
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PCC (Plastics Color Corporation), a leading supplier of color concentrates, compounds and additive masterbatches for the plastics industry, today announced the acquisition of Polysource LLC and its Pinnacle Color subsidiary, a color and additives manufacturer and distributor located in Tempe, Arizona. The newly named Plastics Distribution Corporation, PDC, will be a wholly owned subsidiary of Plastics Color Corporation. According to Plastics Color’s President Doug Borgsdorf, “the purchase of Polysource gives PCC an established position in the North American liquid color market as well as a new distribution channel for both existing and new products. Polysource is a successful distribution company with a solid customer base, all of which fits strategically within our product portfolio.” PCC currently manufactures and distributes liquid color through its Nanjing, China facility.
Polysource was started in 1998 by Craig Degnaro, a 30-year veteran of the liquid plastics business. Degnaro will be retained as the manager of the new business unit. “Craig’s technical expertise in the liquid color field and his business experience in running Polysource, as well as other ventures, are important reasons why we made the decision to purchase this operation,” said Borgsdorf.
According to Degnaro, “Polysource had been looking for a business partner that would help us grow our operations. The acquisition by PCC provides access to a wider range of products, increased manufacturing capabilities and a larger sales force.” PCC operates manufacturing facilities and product development labs in Illinois, North Carolina, California and China. The purchase gives PCC an immediate entry into the plastics manufacturing market in Mexico through Polysource’s distributor relationships. According to PCC’s VP of Business Development Tim Workman, “we’ve been active in the Latin American market for some time. The purchase of Polysource gives us an increased presence in Mexico, Central and South America, all consistent with PCC’s growth objectives for the region.”
About Plastics Color Corporation
Plastics Color Corporation (PCC), headquartered in Calumet City, Ill., is a global provider of colorants, compounds, additive masterbatches and custom polymer solutions for an extensive range of markets including pharmaceuticals, medical, consumer goods and others. PCC supports virtually every type of manufacturing process and material. We engage our customers from concept to commercialization and help them develop new cutting-edge products that lead the market. PCC has more than 40 years’ experience in the polymer industry and operates fully-equipped product development laboratories and manufacturing facilities in California, Illinois, North Carolina, and Nanjing, China. PCC’s Illinois and North Carolina labs are certified by the American Association for Laboratory Accreditation, A2LA. PCC also provides testing and product development services through our Solutions Center in Asheboro, N.C. For more information, call (800) 922-9936 or visit www.plasticscolor.com.
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