Chroma Color Corporation announced the acquisition of Plastics Color Corporation (PCC), including its two facilities in Asheboro, North Carolina and Calumet City, Illinois.
Terms of the transaction were not disclosed.
PCC deals in color concentrates, functional additives and custom polymer masterbatch. The company has multiple certifications and accreditations that meet government standards and regulations, including Drug Master Files (DMFs). DMFs streamline the FDA compliance process for colors, additives and concentrates intended for medical and pharmaceutical applications that enable brand owners to get their products to market faster.
Tom Bolger, CEO of Chroma Color, noted, “PCC has a strong base of customers and is known for solution-based products and strong service, both being pillars of Chroma’s offerings. Their presence in medical and pharmaceutical products, food packaging, CPG, and construction applications will bring more technologies and know-how to Chroma to allow us to better serve our customers and continue our growth.”
Chroma President, Howard DeMonte, said, “We are pleased Plastics Color has joined Chroma. This acquisition further supports our strategy of pursuing sustainable, organic growth by deploying Chroma’s proven patented colorant technologies into new markets such as is the case with this investment.”