Advanced polymer manufacturer Aurora Plastics has acquired compounder Elastocon TPE Technologies. The deal, Aurora's fourth acquisition in two years, expands its product line, bringing broader TPE compounding capabilities to the company’s portfolio.
“Elastocon brings a broader offering of soft-touch and abrasion-resistant materials," Aurora CEO Darrell Hughes said in a statement. "It also deepens our presence and offerings to our valued customers in the medical, packaging, consumer, industrial, automotive and non-automotive transportation markets.”
Elastocon, based in Springfield, Ill., is known as an expert in soft thermoplastic elastomer materials. Coupled with Aurora Plastics’ experience in extrusion and co-extrusion based TPEs, the merger will allow customers to more easily procure the materials they need from a single source.
Elastocon President Dave Barkus will play an on-going role within Aurora Plastics, helping to strengthen the commercial and technical teams’ ability to drive growth.
Aurora Plastics, founded in 1997, was acquired in August 2016 by Chicago-based PE firm Wind Point Partners and the Ontario Teachers’ Pension Plan.