Portfolio News
Chroma Color Corporation Acquires Plastics Color Corporation
McHenry, IL: February 3, 2020 - Chroma Color Corporation continues to grow its manufacturing footprint along with its portfolio of colorant and additive technologies with its recent acquisition of Plastics Color Corporation, including its two facilities in Asheboro, North Carolina and Calumet City, Illinois. Terms of the transaction were not disclosed.
For more than 50 years, Plastics Color Corporation has consistently delivered innovations in color concentrates, functional additives and custom polymer masterbatch. Plastics Color has held multiple certifications and accreditations that meet or exceed government standards and regulations, including Drug Master Files (DMFs). DMFs streamline the FDA compliance process for colors, additives and concentrates intended for medical and pharmaceutical applications that enable brand owners to get their products to market faster.
Tom Bolger, CEO of Chroma Color, noted, “PCC has a strong base of customers and is known for solution-based products and strong service, both being pillars of Chroma’s offerings. Their presence in medical and pharmaceutical products, food packaging, CPG, and construction applications will bring more technologies and know-how to Chroma to allow us to better serve our customers and continue our growth.”
Chroma President, Howard DeMonte, said, “We are pleased Plastics Color has joined Chroma. This acquisition further supports our strategy of pursuing sustainable, organic growth by deploying Chroma’s proven patented colorant technologies into new markets such as is the case with this investment.”
About Chroma Color Corporation
Chroma Color Corporation is a leading specialty color and additive concentrate supplier serving the global plastics marketplace. Chroma’s extensive technical and manufacturing expertise coupled with its game-changing colorant technologies have enabled and delighted customers for over 50 years in diverse markets that include packaging, wire and cable, building & construction, consumer, medical, healthcare, lawn & garden, durables, sanitation, recreation and leisure, transportation and more.