— By Plasteurope.com correspondent — 

US compounder and masterbatch specialist Americhem (Cuyahoga Falls, Ohio; www.americhem.com) said it has signed a definitive agreement with compatriot investment firm Pritzker Private Capital (PPC, Chicago, Illinois; www.ppcpartners.com), which is set to acquire a majority stake in the company.

Americhem said it will use PPC’s cash injection to accelerate its growth, innovation, and expansion. The terms of the transaction were not disclosed. According to the company, the deal is expected to be completed by the end of the first quarter of 2025.

Related: Americhem expands production in Denmark

Americhem employs around 1,000 people across ten manufacturing facilities, primarily in the US, with additional sales offices throughout North America, Europe, and Asia. Five years ago, the company acquired Danish masterbatch manufacturer Controlled Polymers (Ribe; www.conpol.com) and expanded its production.

The US company manufactures custom colour masterbatches, performance additives, and engineered compound solutions. Its products are based primarily on polymers such as polypropylene, ABS, polyamide, PEEK, polycarbonate, TPE/TPU, EVA, and POM, the company said.

Pritzker Capital is no stranger to the plastics industry. Its investment portfolio includes US film and packaging manufacturer ProAmpac (Cincinnati, Ohio; www.proampac.com) and sheet manufacturer Plaskolite (Columbus, Ohio; www.plaskolite.com).