Thursday, July 29th, 2010
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PLASTICS: Citadel Plastics Acquires Thermoplastic Resin Custom Compounder QTR
Thursday, July 29th, 2010
Citadel Plastics Holdings, Inc., the parent company of Automotive NewsWire sponsor Bulk Molding Compounds Inc., has acquired the assets of QTR, Inc., an Evansville, Ind.-based manufacturer of custom compounds based on recycled polycarbonate and other engineering resins such as ABS, PPO, PBT, Nylon, PEI and others. Terms of the sale were not disclosed.
Citadel completed the acquisition through its Matrixx Group business unit, also of Evansville, and plans to eventually combine the assets of QTR with the engineered resin products of The Matrixx Group into one new company that will operate as Matrixx-QTR. The current president of QTR, Rod Jackson, and Mary Perigo, th…
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