PSG acquires Alkon; adds on to rubber additives portfolio

US-based speciality polymers and additives maker Polymer Solutions Group (PSG) is acquiring UK-based Alkon Solutions (Alkon) from Stephenson Group PSG is a portfolio company of private equity firm Arsenal Capital Partners (Arsenal). Terms were not disclosed.

Based in Leeds, Alkon is a manufacturer of anti-tack products for the rubber industry. Alkon brings anti-tack technology and geographic scope that complements PSG's Sasco Chemical Additives Business. It acquired Sasco, headquartered in Albany, Georgia, in April this year. Sasco manufactures rubber anti-tack agents in North America with its PolyCoat, TechKote and Sasco Cote product lines.

PSG was formed by Arsenal in June 2015 with the acquisition of Peach State Labs, a provider of speciality polymers and performance chemicals. In February 2016, PSG acquired Flow Polymers, a manufacturer of proprietary and custom chemical dispersions, process aids and homogenising agents for tyre, automotive, industrial products, wire and cable and plastics markets.

Mike Ivany, President/CEO of Polymer Solutions Group, said, "The addition of Alkon to the group broadens our anti-tack product offerings and accelerates the build-out of our global rubber additives business. Alkon's premium anti-tack products, customer service and support.”

He also said the latest acquisition would “fit perfectly” with Sasco’s anti-tack slurry systems and by coupling Alkon with Flow Polymers, PSG will continue to expand its rubber processing additives business.