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A. Schulman acquires Australian plastic compounds manufacturer

10:11 AM MDT | September 2, 2014 | Deepti Ramesh

A. Schulman says that it has acquired Compco, located near Melbourne, for $6.7 million in cash. Compco manufactures of a variety of plastic compounds and products, including masterbatches and custom performance colors. Key markets include packaging, wire and cable, and pipe. Compco achieved revenues of nearly $15 million for its fiscal year, ended 30 June. “This is our 10th acquisition in the last four years and, although it is relatively small compared with our entire organization, the benefits of Compco's industry-leading technology will better position...

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