LEOMINSTER, MASS. (Nov. 4, 3:50 p.m. ET) -- For the second time in five months, Hudson Color Concentrates has made an acquisition within its hometown of Leominster, Mass.
This time, HCC has purchased compounder-recycler Continental Polymer Corp. for an undisclosed price. In July, HCC acquired additive concentrates maker Blen-Color Inc., also of Leominster.
In a Nov. 1 e-mail, HCC vice president David Boudreau said that his firm bought Continental because it “needed the capacity, and [the deal] also gave us a new product mix with compounding, grinding and reprocessing.”
Boudreau added that HCC will retain ownership of Continental’s facility and of all of the firm’s equipment. Further details on Continental were unavailable.
HCC operates plants in Leominster and in Niles, Ill. In late 2009, HCC entered the resin distribution market with its Quality Resin Solutions business unit. HCC expects to post sales of at least $30 million this year.