Chem-Trend acquires Ultra Purge™, enhancing purging compound portfolio
Chem-Trend, a global leader in the development, production and marketing of high-performance purging compounds, release agents and mold maintenance products, today announced it has acquired the Ultra Purge™ business from Moulds Plus International to widen its product portfolio for thermoplastics processing operations.
The purchase includes the Ultra Purge™ brand along with product and processing technologies and other business assets. Ultra Purge™ is a well-known high performance line of purging compound technologies sold throughout North America, Europe and parts of Asia and South America.
“This move allows Chem-Trend to provide an even greater portfolio of purging compounds to enhance the value, efficiency and productivity that we currently offer to processors of thermoplastics,” said Chem-Trend President and CEO Devanir Moraes. “By acquiring the Ultra Purge™ business and combining it with our existing Lusin® brand of purge compounds, release agents and mold maintenance products, Chem-Trend significantly increases its ability to address processing needs in the thermoplastic market and strengthens its position for customer support and service.”
Headquartered in Villalvernia, Italy, Moulds Plus International provides engineering and design services for the plastics industry, and established Ultra Purge™ in 1998. The Ultra Purge™ line of purging compounds covers a broad range of thermoplastics applications, including injection molding, hot runners, caps and closures, PET preforms, blow molding extrusion, film extrusion, automotive and more.
“Ultra Purge™ was initially developed as a value-adding purging compound line for injection molders, so we focused on creating product technologies and developing innovative manufacturing processes that would provide premium results for our customers,” said Gian Paolo Repetto, founder and president of Moulds Plus International SRL. “We’re excited for the next chapter in the Ultra Purge™ legacy, and we’re confident that Chem-Trend can take this product line to the next level.”
“Chem-Trend operates within a similar value-adding business model, which makes it the perfect buyer for the Ultra Purge™ brand,” said Graziano Pestarino, president of Moulds Plus International USA. “With Chem-Trend’s wide network, deep understanding of the market and extensive global presence, the company offers additional support for our existing customers and significant opportunities for expansion.”
With more than 55 years of dedicated experience serving molding and casting industries, Chem-Trend has an expansive global presence with production facilities on four continents, offices or local representatives in 18 countries, and a distribution network covering more than 50 countries. Chem-Trend products are used in a broad range of applications, including composites, rubber and polyurethane molding, high-pressure die casting, thermoplastics processing, wood composite pressing and in the manufacturing of tires. The company’s global sales and technical service representatives work onsite with customers to maximize value addition and provide dependable application and processing expertise.