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wiredInUSA - February 2014
20
Plastics
expansion
Plastics manufacturer Saco Polymers is
to expand its facilities in Sheboygan with
a 20,000ft
2
office building adjacent to
its factory in the Sheboygan Southside
Industrial Park. The extension, funded
in part by a loan from the Wisconsin
Economic Development Corp, will
provide research and development
space and provide offices for sales and
administrative personnel. Saco also
owns and operates a plant in Michigan,
as well as the specialty compounder
Macromeric in Aurora, Ohio.
Inexpansionmoves elsewhere, Sacohas
entered into an agreement to buy two
plants in China from Singapore-based
materials firm Dynamic Colours Ltd for
a reported $15 million. The businesses,
operating as Suzhou Huiye Chemical &
Light Industry Co Ltd, and Suzhou Huiye
Plastic Industry Co Ltd, are in Jiangsu
province and are believed to make
color compounds for the electrical
and electronic appliance market. The
acquisition is being made through AEI
Compounds Ltd, a British compounding
firm that Saco bought for almost $14
million in 2011.
Saco will post annual sales of over
$100 million in 2013, primarily making
compounds for the wire, cable and
tube markets.