Thermoset materials maker IDI Composites International has acquired Jet Moulding Compounds Inc., a maker of high-performance thermoset compounds based in Ajax, Ontario. No purchase price was disclosed in the deal, which is the second in three years for Noblesville, Ind.-based IDI. In 2009, IDI acquired thermoset plants in France and China from Senata GmbH.
IDI will operate Jet’s plant in Ajax through 2011, then will consolidate work done there into IDI’s own 200,000 square-foot plant in Noblesville, officials said in a Feb. 14 news release.
“We are aggressively expanding our presence in the high-performance products market,” IDI vice president and general manager Tom Flood said in the release. “This acquisition will speed that process, and will enhance our growing customer base.”
IDI provides bulk molding, sheet molding and continuous impregnated thermoset compounds for several industries including automotive, aerospace and electrical. The firm claims to be the world’s largest supplier of thermoset compounds.
In addition to its Noblesville facility, IDI operates plants in Puerto Rico, England, France, China and India.
Source By: http://plasticsnews.com