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A. Schulman Acquires Compco to Enter into APAC Region's Pipe and Wire & Cable Markets

Published on 2014-09-05. Author : SpecialChem

AKRON, Ohio -- A. Schulman, Inc. announced that it has acquired Compco Pty. Ltd. ("Compco"), located near Melbourne, Australia, for $6.7 million in cash.

Compco is a manufacturer of a variety of plastic compounds and products including masterbatches and custom performance colors. Key markets include packaging, wire & cable and pipe. Compco achieved revenues of nearly $15 million for its fiscal year ending June 30, 2014.

Joseph M. Gingo, Chairman, President and Chief Executive Officer of A. Schulman, stated, "This is our 10th acquisition in the last four years and, although it is relatively small compared with our entire organization, the benefits of Compco's industry-leading technology will better position our business in the region and can be leveraged throughout our global footprint."

"Compco holds a strong position and significant growth potential in the Australian market and beyond, and its products are aligned with our strategic focus and objectives in the Asia Pacific (APAC) region," said Bernard Rzepka, Executive Vice President and Chief Operating Officer of A. Schulman. "The acquisition expands the capabilities of our APAC operations and marks our first entry into the growing pipe and highly regulated wire & cable markets. This move is a positive next step as we remain committed to growing both organically and through acquisitions in the strategically important APAC region."

About A. Schulman, Inc.

A. Schulman, Inc. is among the leading international suppliers of high-performance plastic compounds and resins headquartered in Akron, Ohio. Since 1928, the Company has been providing innovative solutions to meet its customers' demanding requirements. The Company's customers span a wide range of markets such as packaging, mobility, building & construction, electronics & electrical, agriculture, personal care & hygiene, sports, leisure & home, custom services and others. The Company employs approximately 3,800 people and has 43 manufacturing facilities globally. A. Schulman reported net sales of $2.1 billion for the fiscal year ended August 31, 2013.

Source: A. Schulman, Inc.


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