Sun Plastech Announces Acquisition of Novachem
June 1, 2015 (Parsippany, NJ) – Sun Plastech Inc. the manufacturer of the leading purging compound ASACLEAN, announced today that it has signed an agreement to purchase substantially all of the assets of NOVACHEM, a manufacturer of purging compounds located in Bridgeport, CT.
Established in 1989, NOVACHEM has been manufacturing and distributing the SuperNova™ and Novapurge lines of chemical purging compounds and the InstaPurge® line of mechanical purges.
The acquisition further expands Sun Plastech’s position as the leading provider of purging compounds in the plastics industry. With the addition of the chemical purging compound product lines together with the company’s existing ASACLEAN mechanical purging compounds, Sun Plastech can offer its customers a wide array of quality selections of purging products that meet almost any purging scenario. These products will help thermoplastics injection molders, extruders, compounders, and blow molders maximize their production efficiency by minimizing downtime and reducing scrap. The results are greater cost savings.
About Sun Plastech Inc.
Sun Plastech Inc. manufactures and distributes ASACLEAN Purging Compound, a respected name in over 70 countries around the world. Established in 1996, the company serves thermoplastic injection molders and extruders across North and South America. Sun Plastech is a subsidiary of Asahi Kasei Chemicals Corp., a global, technology-based company under Asahi Kasei Corp., an ISO9001 and ISO14001 certified company.
About Asahi Kasei
The Asahi Kasei Group is a diversified group of companies led by the holding company Asahi Kasei Corp., with operations in chemicals and fibers, homes and construction materials, electronics and health care sectors. Its Chemical operations include petrochemicals, performance polymers and specialty products. With more than 30,000 employees around the world, the Asahi Kasei Group serves customers in more than 100 countries. For more information, visit www.asahi-kasei.co.jp/asahi/en/
For more information, please contact:
Sun Plastech Inc.
Phone: (973) 257-1999 x234
The views, opinions and technical analyses presented here are those of the author, and are not necessarily those of UL, ULProspector.com or Knowledge.ULProspector.com. While the editors of this site make every effort to verify the accuracy of its content, we assume no responsibility for errors made by the author, editorial staff or any other contributor. All content is subject to copyright and may not be reproduced without prior authorization from Prospector.