Teknor Apex buys Lanier Color
Global plastics compounder Teknor Apex, based in Pawtucket, R.I., announced it has purchased Lanier Color Company, located in Gainesville, Ga.
Lanier Color Company is a supplier of color concentrates and specialty compounds for the thermoplastics industry with a focus in the building and construction market.
“We are thrilled to add this business into our Teknor Color portfolio,” said Suresh Swaminathan, president of Teknor Apex. “Lanier Color Company’s focus on superior quality and customer centricity directly aligns with our approach.”
The addition of Lanier, expands Teknor Apex’s portfolio to now include PVC color concentrates while adding to its specialty compounds offerings specific to the building and construction market, said the firm.
“This acquisition comes on the heels of the acquisition of Dorum Color this past August,” said Swaminathan, “and will help us further accelerate our strategic objectives while giving our customers access to a greater level of diversified products and solutions.”
The existing Lanier Color Company customer base will now have access to the broader portfolio of Teknor’s PVC compounds, the company said, and state of the art product and application development capabilities.
“Lanier Color Company has become a leading solutions provider in the color concentrate and compound market,” said John Cothron, president of Lanier Color Company. “Joining forces with Teknor Apex allows us to focus our combined resources on bringing effective and innovative solutions to the market while maintaining a high level of service to our customers.”
The company will continue to operate in its current location of Gainesville and will work in coordination with Teknor Color’s current manufacturing locations in Kentucky and Texas, the company said.
“The combined strength of the two organizations will bring more capability and capacity in product innovation leading to an enhanced customer experience,” said Swaminathan.
Teknor Color is a subsidiary of Teknor Apex Company and offers a full line of custom and standard colors the firm said, as well as additives and special effects for a wide spectrum of polymers, that include olefins, styrenics, PET and engineering plastics.