Americhem Group, a global provider of color and additive and engineered compound solutions for the polymer industry, acquired Vi-Chem Corporation, a leading compounder of specialty engineered resins used in injection molding, extrusion and blow molding applications. Grace Matthews advised Americhem on this transaction.
Vi-Chem, based in Grand Rapids, Mich., employs 85 people and is a major supplier of high-performance thermoplastic elastomer (“TPE”) and polyvinyl chloride (“PVC”) materials that are used in manufacturing automotive components and accessories for OEMs. In addition to the automotive market, Vi-Chem serves customers in the industrial, building and construction, medical, consumer, and electrical and electronic industries.
“The Vi-Chem team has built a leadership position in specialty TPE and PVC compounds for the automotive industry,” remarked Rick Juve, CEO of Americhem Group. “We look forward to providing further resources to expand the business geographically and also into Americhem's other current vertical markets. This is about bringing continual innovation and broadened solutions to our customers across the globe.”
Vi-Chem will become a portfolio company of Americhem Group and continue to operate out of its Grand Rapids facilities, which will serve as Americhem Group’s center of excellence for TPE and PVC compound solutions.