Mitsubishi Chemical Advanced Materials Acquires Advanced Polymer Technologies

READING, Pa., June 3, 2019 /PRNewswire-PRWeb/ -- Mitsubishi Chemical Advanced Materials, the leading global manufacturer of high-performance thermoplastic materials, announces the acquisition of Advanced Polymer Technologies (APT), June 3, 2019.

With the addition of Advanced Polymer Technologies, both companies can capitalize on their synergies in the engineering polymer industry especially focused on state of the art injection molding, extrusion technologies and service. Mitsubishi Chemical Advanced Materials world-wide network of industry partners and customer relationships will benefit from the support while bringing new technologies, specialized skills and market expertise into the group.

Michael Koch, CEO of Mitsubishi Chemical Advanced Materials said "The acquisition enhances our ability to incubate and develop new solutions for the customer, pursuing our mission of metal to plastic conversion, which began more than 80 years ago. Mitsubishi Chemical Advanced Materials, a fully owned subsidiary of Mitsubishi Chemical Corporation. (Tokyo, Japan), identified Advanced Polymer Technologies as leaders in their areas of expertise and plans to preserve Advanced Polymer Technologies unique market identity. Strategic corporate development activities, such as the Advanced Polymer Technologies acquisition, contribute to Mitsubishi Chemical Advanced Materials ability to grow rapidly and consistently while maintaining quality and innovation."

For more than 17 years, Advanced Polymer Technologies has excelled at providing advanced engineering plastic solutions via unique polymer conversion technologies to strategic global influencers in North America and Asia in the Semiconductor, Aerospace/Defense, Energy and Medical industries.

Both Mitsubishi Chemical Advanced Materials and Advanced Polymer Technologies adhere to a superior level of quality and performance standards. The acquisition will add one additional manufacturing facility to Mitsubishi Chemical Advanced Materials' already established seven U.S. facilities, enhancing their North American footprint.

"APT has an impressive history of servicing the current and emerging market needs for several advanced engineering grades of thermoplastics. This, coupled with their high level of quality and service, will enhance our goal to be an agile, customer-focused manufacturer. These capabilities are essential to our mission and will add tremendous value for Mitsubishi Chemical Advanced Materials and our stakeholders." said Bernie Willms, Mitsubishi Chemical Advanced Materials President Americas.

"Over the past 17 years, APT has invested in new technologies and innovations in order to develop unique materials and processes. Joining Mitsubishi Chemical Advanced Materials will allow us to expand our product portfolio, and continue to deliver fast and efficient services on a global scale. We are excited to merge our existing team with the experts at Mitsubishi Chemical Advanced Materials." said Steve Kessler, President and CEO Advanced Polymer Technologies.

About Mitsubishi Chemical Advanced Materials
Mitsubishi Chemical Advanced Materials (Formerly known as Quadrant) is the leading global manufacturer of high-performance thermoplastic materials in the form of semi-finished products and finished parts. The company has locations in 20 countries and more than 2,400 employees. Its specialty engineering thermoplastics and composites are superior in performance to metals and other materials and are used in a wide range of applications, primarily in the capital goods industry. The company is continuously developing new areas of applications in close cooperation with industry leaders in a broad variety of customer markets. For more information, please visit http://www.mcam.com.

About Advanced Polymer Technologies
Advanced Polymer Technologies (APT) was founded in 2002 by Steve Kessler in Stockton, CA for the manufacturing of engineering plastic stock shapes for machined parts. With a recent relocation in 2013 to a new facility, covering 60,000 square feet, they continue to deploy the newest process technologies in order to produce the highest quality of extruded stock shapes, developed under the SEMILON trade name. For more information, please visit http://aptllc.net.

SOURCE Mitsubishi Chemical Advanced Materials