RTP Company Acquires Customized Plastic Film Manufacturer Wiman Corporation
WINONA, MN, USA - September 22, 2006 - RTP Company announced today it has acquired Wiman Corporation, a leading manufacturer of customized plastic film for the medical, industrial and consumer markets. This acquisition will enhance RTP Company's leadership position in the plastics industry by combining its existing Sheet Division with Wiman's complete line of flexible plastic film products and extrusion capabilities.
"Wiman strengthens our business position in the sheet and film industry by letting us manufacture down to 4 mil film, and quite importantly we will now be adding PVC to our product mix," said Hugh Miller, President and CEO of RTP Company. "We feel these new capabilities, plus the synergies created by combining our technical resources, will be of great benefit to our customers."
Wiman Corporation President Peter Ploumidis said, "With this acquisition, we gain RTP Company's marketing and selling infrastructure and international capabilities, in addition to its unique material technologies."
Leading the way in the development of specialty films using PVC, Polyolefins and Polyurethane, Wiman serves a niche market for companies requiring specialty runs and products such as helmet liners - often in quantities far lower than the industry standards. The Wiman products are unique in their construction and abilities to formulate the plastic to the customers' needs.
RTP Company, headquartered in Winona, Minnesota, is a global leader in specialty thermo-plastic compounding. The company has seven manufacturing plants on three continents, plus sales representatives throughout North America, Europe, and Asia/Pacific. RTP Company's engineers develop and produce custom compounds in over 60 different engineering resin systems for applications requiring color, conductivity, flame retardancy, high temperature, structural, elastomeric and wear resistant properties.
For more information please contact:
Christin Ruge
RTP Company
580 East Front Street
Winona, MN 55987
1-800-433-4787
1-507-454-6900
www.rtpcompany.com
