Spartech: Acquisition of three plastic sheet lines for US$ 2 million

Spartech Corp., USA, has acquired the sheet extrusion assets of Elkhart, Ind.-based Quality Plastic Sheet from Bank One for $2 million.
The company bought three extrusion lines that annually produce more than 15 million pounds of extruded sheet. In addition, Spartech entered into a long-term supply agreement with Quality Plastic’s largest customer for about 6 million pounds of material. No facilities or lease obligations were acquired. Bradley Buechler, chairman, president and chief executive of Spartech, said the company would move the acquired assets to existing Custom Sheet & Rollstack operations.
‘The purchase of these assets expands our capacity and enhances our equipment capabilities in our core extruded sheet business,’ Buechler said, in a statement. He also said the long-term supply agreement would generate new business for the company.
St. Louis-based Spartech Corp.produces engineered thermoplastic materials and molded and profile products.

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