June 23 2017, David R Brown
Emeraude International acquire North American PVC resin distributor, Resin Technology
Global polymers distributor Emeraude International has acquired a majority stake in Resin Technology LLC, USA, a supplier of PVC materials including suspension, mass-polymerised, emulsion, copolymer and terpolymer PVC resins. Emeraude expects to gain synergies with its existing PVC and polyolefins business whilst consolidating its position in the North American market. Terms of the transaction were not disclosed.
Resin Technology, LLC was founded over 20 years ago by PVC industry veteran Jim Seidewand, after management roles with GE Plastics, Diamond Shamrock and various compounding ventures. The
Acquiring a controlling interest in Resin Technology will allow us to achieve synergies in the field of PVC and PolyolefinsUmar Rafique
CEO of Emeraude International
firm sells over 100,000MT per annum of PVC materials, namely the full range of PVC resins, PVC rigid powders compounds as well as complementary additives including plasticizers into both the global (55% of sales) and North American marketplaces (45% of sales). It focuses solely on PVC and is widely considered one of the most knowledgeable PVC distributors with its more technical, differentiated market approach to export sales.
Umar Rafique, CEO of Emeraude indicated “Acquiring a controlling interest in Resin Technology will allow us to achieve synergies in the field of PVC and Polyolefins through our combined resources and expertise, it will reinforce our global footprint and help us achieve our growth strategy.”
Resin Technology will continue to operate independently, but combine the sourcing and global reach together with Emeraude. Jim Seidewand will continue to lead the US operations as CEO supported by Carly Seidewand Eppley as VP, Global Sales and Administration. Jim Seidewand views the venture as “an excellent synergistic collaboration that provides financial strength and enhanced global presence that will allow Resin Technology, LLC to significantly grow its technical, market differentiated approach to commodity PVC resin export sales and specialty PVC rigid powder compounds”.
About Emeraude International
Emeraude International is a leading polyolefins distributor established over 3 decades ago. Headquartered in France, the company has sales operations in more than 80 countries with offices in Africa, the Indian-subcontinent, Europe & Americas.
Source(s): Resin Technology Press release