RTP Company's Sheet & Film Division Expands with Acquisition of OMNOVA's Dupo, Ill. Extrusion Operation
WINONA, MINN, USA - (January 26, 2009) - Global custom engineered thermoplastic compounder RTP Company today announced that its Sheet & Film Division subsidiary Wiman Corporation has purchased the Dupo, Ill., extrusion operation of OMNOVA Solutions.
As part of this expansion Wiman will retain all current personnel and equipment at the 40,000 sq. ft. (3,715 m2) facility. In addition, Wiman plans to maintain a supplier relationship with OMNOVA ensuring continued availability of products currently produced at the facility.
"The acquisition of this facility expands Wiman's capabilities, capacity and geographic presence allowing us to better meet the needs of our customers," said Peter Ploumidis, President of RTP Company's Sheet and Film Division. "In particular, the Dupo operation will expand Wiman's medical and industrial film product lines to be available down to one mil thick, which allows us to offer our wide variety of films in any gauge."
This is the first acquisition for Wiman, which is based in Sauk Rapids, Minn., since being acquired by RTP Company in 2006. "We have been, and continue to be, delighted with Wiman's success and are happy to make this investment in its future," said Hugh Miller, President & CEO of RTP Company. "We foresee continued growth in demand for customized film and rollstock products that nicely complements our engineered thermoplastic compounds business."
For more information on RTP Company specialty compounds call (800) 433-4787 or
(507) 454-6900, or visit their website at www.rtpcompany.com.
About RTP Company
RTP Company, headquartered in Winona, Minnesota, is a global compounder of custom engineered thermoplastics. The company has nine manufacturing plants on three continents, plus sales representatives throughout North America, Europe, and Asia. RTP Company's engineers develop custom compounds in over 60 different engineering resin systems for applications requiring color, conductive, elastomeric, flame retardant, high temperature, structural, and wear resistant properties.
Contact:
Kris Jommersbach
Gemini Communications
PH: +(1) 610-935-1633
Email: krisj@geminiinc.com
