February 07,2013
Scott Bader has reached an agreement to acquire ATC Formulated Polymers Inc. of Burlington, Ontario, with effect from 4th February 2013.
ATC has a strong reputation for manufacturing a wide range of bonding, tooling, fairing, compression moulding and other polyester and vinylester based pastes, supplied largely into the North America composites industry. This acquisition will make Scott Bader and ATC a global leader in the structural adhesives and bonding pastes business, with a full range of technologies and the manufacturing capabilities to meet the needs of composites customers.
Tom Johannsen, ATC's majority owner stated: œI was attracted to Scott Bader because of their wide range of adhesives, their vision to grow this market on a world-wide basis, and their employee-owned company structure. With access to Scott Bader's products and technology, we will be able to extend our current range of bonding pastes and adhesives, now including Scott Bader's urethane acrylate Crestomer and MMA adhesives, to suit individual customer needs.
Philip Bruce, Scott Bader's Group Managing Director commented: œI see this acquisition as underlying our long term commitment to the North American market by providing customers with local production. I see this as a first step to being able to offer more speciality products into this critical market. The ATC speciality tooling and moulding products complement the Scott Bader range, and we will work to bring winning products to the global market through Scott Bader's sales resources. I am delighted that we will continue to receive the support from Tom Johannsen, JP Schroeder, Rita Barclay and the rest of the ATC management team to develop the ATC and Scott Bader business going forward.
Scott Bader will keep customers appraised on developments and the timing of when the new products will be introduced. ATC will be present at the Scott Bader stand (V18) at JEC Europe 2013 exhibition in Paris from 12th -14th March. The Scott Bader Inc. USA office located in Stow, Ohio will continue to sell Scott Bader's Crystic® resins and specialty chemicals.
Philip Bruce
Group Managing Director,
Scott Bader Company Limited,
England
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Websites of Companies in this press release:
www.scottbader.com
www.atc-fp.com
About Scott Bader
US $300 million multinational specialty polymers company, employing 600 people worldwide. It is a common trusteeship company, having no external shareholders, with a strong commitment to support its customers, workforce and the environment.
Scott Bader's headquarters is based in the UK where they have purpose-built, state-of-the-art technical facilities that provide R & D as well as complete evaluation, testing and application support. They have manufacturing facilities in the UK, France, Croatia, The Middle East and South Africa.
