Dyneon LLC, a 3M company, announced today that it has acquired the business of Hitech Polymers Inc., a manufacturer of specialty thermoplastic polymers and provider of toll thermoplastic compounding services based in Hebron, Ky. Terms of the transaction were not disclosed.
According to the company, Hitech Polymers brings to Dyneon capabilities in polymer blending, alloying, formulation, ingredient compatibility, and reactive polymer processing that are critical to the process for creating compounds that can be molded into a wide variety of plastic components.
Complementary acquisitions such as this support Dyneon's core business and expansion into additional markets by providing access to new technology, markets and customers. Hitech Polymers employs approximately 15 people at its facility near Cincinnati in Hebron, Ky.