Polymer Solutions Group Buys Michelman Product Line
Image courtesy of Cabot Corporation.
ALBANY, GA/CINCINNATI — SASCO Chemical, a Polymer Solutions Group (PSG) company, has acquired the Wood Release Agent Product Line of Michelman Inc., a major supplier of release agents to the engineered wood market. SASCO has expanded its business in the wood release agents market over the past several years by leveraging its core competencies around anti-tack products primarily sold into the rubber industry. In 2015, SASCO opened a release agent production facility in Albany, Georgia.
According to Mike Ivany, President and CEO of PSG, “The acquisition of Michelman’s Michem® Wood Release agents will advance PSG’s strategic goal of growing its product portfolio of functional materials for the construction industry. Specifically, this solidifies PSG and SASCO as a dedicated supplier to the engineered wood market and provides a platform to expand PSG’s presence into other technical and geographical areas.“
Michelman’s President and CEO Steve Shifman added, “We are extremely proud of the development of our engineered wood release business over recent years. Michelman’s technical and business development associates identified a changing commercial environment and acted to fulfill the needs of our customers. This segment continues to develop, and we are pleased that these customers will now be served by SASCO.”
To ensure the smooth transitions of current customers, Michelman will continue to manufacture the acquired products for PSG while the production capacity is ramped up at PSG production facilities. Over the next few months, SASCO’s legacy engineered wood products and the newly acquired products from Michelman will be integrated into PSG’s Functional Materials business segment. Products will be sold under PSG’s existing brand name, TechKote™. As a technical leader in the research, development and manufacturing of specialty chemicals, PSG is well positioned to meet the production, quality and service demands of the growing engineered wood market.
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