RAMPF Acquires Innovative Polymers
RAMPF recently announced it has acquired Innovative Polymers Inc.
RAMPF recently announced it has acquired Innovative Polymers Inc., a provider of polyurethanes for tooling and modeling applications. With this acquisition, RAMPF intends to further expand its range of products in the NAFTA markets. Innovative Polymers will be integrated into RAMPF’s North American subsidiary RAMPF Group Inc.
“The acquisition of Innovative Polymers Inc. will enable us to expand our product portfolio and to open up new business opportunities in industries in which we are already active in,” said Jürgen Penker, CEO “Furthermore, we will be able to enter new markets, for example oil and gas, and the railway industry,”
Innovative Polymers is located in St. Johns, Mich., not far from RAMPF Group’s headquarters in Wixom. The facilities in St. Johns will be retained, reportedly enabling the RAMPF Group to expand its production capacities and to serve its customers faster.
"We are very excited to become part of the RAMPF family,” said Lewis Leonard, founder, Innovative Polymers. “After detailed discussions, it became obvious that our company and RAMPF are a great fit to provide customers with more service and technology. We not only share a deep commitment to our customers, but also to our employees–and that made our decision to join RAMPF an easy one."