ITW Performance Polymers Acquires Franklynn Industries
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DANVERS, MA - ITW Performance Polymers, an Illinois Tool Works company, has acquired Franklynn Industries, Inc., the Ohio-based manufacturer of DIAMONDKOTE(TM) and QUALIFT(TM) environmentally safe mold release coatings.
Developed from innovative research, these water-based coatings are used worldwide in the molding of rubber, EVA, composite, FRP, polyurethane, polyester, and thermoplastic parts. Odorless, non-flammable, quick-curing, and thermally stable, they replace high-VOC chemicals in the cleaning and coating of molds. Other Franklynn Industries products include anti-squeak, rustproofing, anti-graffiti, and weather-strip coatings; die cast lubes; anti-foaming agents; masonry sealers; and spray equipment.
"Several ITW Performance Polymers companies currently serve the composites and plastics manufacturing and assembly markets," said Sevan Demirdogen, head of the ITW Performance Polymers acquisition team. "With the addition of Franklynn Industries' mold release agents, we can offer our customers in these markets an even more comprehensive array of products."
"This is a great opportunity for Franklynn Industries," commented Devin F. McCarthy, president of Franklynn Industries. "The company will continue to operate as it always has, but it will now have access to ITW's global financial and technical resources."
A world leader in adhesives technology, ITW Performance Polymers includes companies that manufacture OEM adhesives, sealants, and tapes; automotive fluids; and maintenance/repair products, selling them directly and through a network of industrial distributors. The company serves major markets worldwide, including industrial repair and maintenance, power generation, processing, marine, automotive, transportation, composites, construction, amusements, manufactured housing, solid surface, and automotive aftermarkets.
For more information, contact: Sevan Demirdogen, General Manager of Devcon and Plexus, ITW Performance Polymers, 30 Endicott Street, Danvers, MA 01923, TEL: (978) 777-1100, FAX: (978) 774-5577, www.itwperformers.com.
